3 ASX 200 lithium shares smashing all-time highs on Friday

It’s been a phenomenal day for the S&P/ASX 200 Index (ASX: XJO) so far this Friday. At present, the ASX 200 has gained a stunning 2.6% and is back over 7,100 points. But it’s been an even better day for ASX 200 lithium shares.

Lithium shares across the board are enjoying some incredible gains. But here are three that have just clocked brand new all-time record highs this session.  

3 ASX 200 lithium shares clocking record highs today

Mineral Resources Limited (ASX: MIN)

First up is the diversified mining company Mineral Resources. Mineral Resources might not be a pureplay lithium share. But it does have significant skin in the game with ownership of two Western Australian lithium projects.

That has clearly helped investor sentiment this week. Mineral Resources has seen not one, but two new all-time highs over the trading week. One on Wednesday and another today.

This Friday has seen the Mineral Resources share price hit a high of $85.56, the new high watermark.

Saying that, investors have cooled off on the company over the trading day, and Mineral Resources shares are now in the red, down 0.7% at $81.28 a share. Even so, the new high still stands.

Allkem Ltd (ASX: AKE)

Allkem is another ASX 200 lithium share enjoying this week’s spoils. Allkem deals with more steps of the lithium supply chain than many others, with mines across the globe and lithium carbonate facilities in Argentina.

Again, this is a company that spiked in value this morning, only to ebb down over the session. At present, it is still in the green, up 1.65% at $16.04 a share. But just after market open this Friday, Allkem shares hit a new record high of $16.75 a share. That’s after Allkem closed at just $515.78 a share yesterday.   

IGO Ltd (ASX: IGO)

Finally today, let’s discuss the nickel and lithium explorer, producer and refiner IGO. IGO is another ASX 200 lithium share that saw its success in the early hours of today’s session. The IGO share price finished up at $16.25 yesterday afternoon.

But the company opened at $17.32 a share this morning, which ended up being the high point of the day, and IGO’s new all-time high. Again, investors have steadily sent IGO shares lower over the trading day, but the company remains up 1.78% at $16.54 a share at the time of writing.    

The post 3 ASX 200 lithium shares smashing all-time highs on Friday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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