ASX Lithium shares are on the rise today
ASX 200 lithium shares, like $Liontown Resources Ltd(LTR.AU$ are climbing their way up the charts today, with LTR seeing a whopping rise of up to 9.70% today.
Liontown isn't alone though, with $Pilbara Minerals Ltd(PLS.AU$ also seeing an increase of up to 7.47% today, and $Sayona Mining Ltd(SYA.AU$ up 5.13% as well.
But why the rise? It can't be said for sure why these stocks are increasing, with no recent news being released.
It could potentially be due to a rise in share price target for world’s biggest lithium company $Albemarle(ALB.US$. ALB last night also saw a 5.82% surge on the US market, which could have set the tone for Australia.
With lithium prices down 85% from their record highs, another reason could be that lithium prices have found a bottom. Moomoo Market Strategist Jessica Amir called our attention to lithium shares last week, check out her video to see why shares may be increasing earlier than expected.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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