Business
Why ASX lithium shares are running hot in 2021
ASX lithium shares across the board have jumped higher in the new year.
At the time of writing, the Galaxy Resources Limited (ASX: GXY) share price leads the pack, gaining 11% today. The Orocobre Limited (ASX: ORE) share price is 8.81% higher and the Pilbara Minerals Ltd (ASX: PLS) share price is 7.75% higher.
Breath of life into ASX lithium shares
ASX lithium shares have surged in recent months on the back of bottoming lithium prices and increasing optimism for a renewables revolution.
Lithium spot prices have been in a downtrend since 2018, when the industry was inundated with new producers and supply. It wasn’t until recently that lithium prices finally began to bottom.
Fastmarkets has revealed that most producers…
-
Noosa News13 hours agoThe grey backstreet of Brisbane’s Fortitude Valley where Arnie the missing dog was found dead in his owner Nathan McKeown’s black ute
-
General24 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
Business22 hours agoRevenue growth, profit margin pressures, and a $365m buyback
-
Noosa News22 hours agoNT cattle rustler fined almost $430k for stealing 116 head from neighbouring station