Why the Vulcan Energy (ASX:VUL) share price is charging 6% higher
James Mickleboro | April 29, 2021 3:37pm |
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In afternoon trade, the Europe-based lithium developer’s shares are up 6% to $8.35.
Incredibly, this means the Vulcan Energy share price is now up over 200% since the start of the year.
Why is the Vulcan Energy share price charging higher today?
A number of lithium producers are climbing higher today despite there being no real industry news to speak of.
The likes of
Pilbara Minerals Ltd(ASX: PLS) are all recording solid gains of their own.
So, today’s gain in the Vulcan Energy share price might have more to do with that than the release of its quarterly update this afternoon.
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ASX lithium shares are soaring. Is it too late to jump onboard?
Kerry Sun | April 21, 2021 9:42am |
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When lithium prices finally bottomed in late 2020, depressed ASX lithium shares were quick to re-rate. This resulted in the shares doubling or even tripling in a matter of months.
Investors might be left with an all too familiar feeling sitting on the sidelines and watching shares run up.
With ASX lithium majors
Pilbara Minerals Ltd(ASX: PLS) quickly running into multi-year highs, is it too late to consider ASX lithium shares?
Higher spot prices to drive valuation
It might be worth looking at ASX iron ore shares that have experienced a similar narrative of surging demand and sky-high share prices.
ASX miners in focus as the copper price looks poised to crack above 10-year highs
Brendon Lau | April 20, 2021 9:45am |
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The rally in ASX copper shares could extend for a few more months as experts believe the metal is heading to fresh 10-year highs.
That’s not only great news for ASX copper producers, but there’s another less obvious group of ASX shares that look set to ride this uptrend. I’ll touch on that more later.
Why copper prices could set new record highs
The benchmark copper price on the London Metal Exchange jumped 1.8% to US$9,379.50 a tonne on Monday night.
Lithium ETFs Strengthen after Orocobre Acquires Galaxy Resources April 20, 2021
A lithium sector-specific exchange traded fund jumped on Monday after Orocobre Ltd. (ORL) agreed to acquire rival Australian miner Galaxy Resources Ltd. (GXY) in an all-stock deal.
Among the better performing non-leveraged ETFs of Monday, the
Meanwhile, Orocobre Limited shares jumped 8.4% and Galaxy Resources Limited shares rose 3.4%. LIT includes a 1.1% position in ORL and 0.8% in GXY.
Orocobre’s buyout of Galaxy Resources would create a $3 billion miner and one of the world’s biggest producers of lithium, which is commonly used in batteries for electric vehicles and other high-tech products, the Wall Street Journal reports.