ASX lithium shares have been among the top performers over the past year. This comes as the booming growth in global EV markets has seen demand for the battery-critical metal surge.
While most lithium stocks are enjoying another good run today, these three are leading the pack.
So, without further ado, here’s what investors are considering today.
What’s piquing ASX investor interest?
The first ASX lithium share shooting higher today is Anson Resources Ltd (ASX: ASN).
The Anson Resources share price is up 12.28% in early afternoon trade.
Shares are surging after the company reported the discovery of “multiple new lithium-rich zones” at its Paradox Lithium Project in the US state of Utah. The lithium intersections were hit in its recently completed resource definition drilling at the Cane Creek 32-1 well.
The miner said that drilling is now complete at Cane Creek, with multiple assays pending that it expects will deliver a “significant further JORC Resource upgrade”.
The second ASX lithium share rocketing higher today is Global Lithium Resources Ltd (ASX: GL1). The Global Lithium share price is up 6.98%.
Investors are bidding up shares after the company reported it had signed a non-binding memorandum of understanding (MOU) with Korean battery manufacturer SK On Co., Ltd (SKO) “to explore a range of future business opportunities”.
Commenting on the MOU, Global Lithium’s managing director Ron Mitchell said:
The scope of this partnership has the potential to strengthen and diversify the future of Global Lithium’s projects in Western Australia both in the near term and in the years ahead… The lithium and EV markets have experienced significant growth over the past two years and this expansion is only set to accelerate as demand for lithium-ion batteries increases.
This brings us to the third ASX lithium share leaping higher, De Grey Mining Limited (ASX: DEG). The De Grey Mining share price is up 6.36% today.
With no fresh price-sensitive news out today, De Grey looks to be cashing in on the broader bullishness surrounding the lithium market.
How have these ASX lithium shares been tracking?
All three of these ASX lithium shares have beaten the 10% loss posted by the All Ordinaries Index (ASX: XAO) over the past 12 months.
The De Grey share price has gained 12%, the Anson Resources share price is up 250%, and the Global Lithium share price has surged almost 500% since this time last year.
The post 3 ASX lithium shares having a stellar run on Thursday appeared first on The Motley Fool Australia.
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More reading
- Here’s why the Global Lithium share price is rocketing 12% higher
- Here are the top 10 ASX 200 shares today
- 3 ASX lithium shares that dropped by 12% or more on Monday
- These are the 10 most shorted ASX shares
- Why is the De Grey share price struggling this week?
Motley Fool contributor Bernd Struben 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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