Business
Here’s why the Orocobre (ASX:ORE) share price is on the move today
It has been yet another very strong day for Australia’s leading lithium miners.
Investors have continued to pile into the industry on Thursday and have driven their shares notably higher.
For example, at the time of writing, the Galaxy Resources Limited (ASX: GXY) share price is up 8% and the Pilbara Minerals Ltd (ASX: PLS) share price is up 7.5%. Both have hit 52-week highs at one stage today.
This has been driven by optimism over lithium prices thanks to growing electric vehicle adoption and President-elect Joe Biden’s favourable policies on clean energy and renewable technology.
What about the Orocobre share price?
The Orocobre Limited (ASX: ORE) share price also climbed to a 52-week high on Thursday before fading as the day…
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