Monday is proving to be a good day for investors, with the S&P/ASX 200 Index (ASX: XJO) lifting 1.1% at the time of writing.

Leading the way are ASX 200 mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) is out in front of the Aussie bourse with a 2.4% gain right now.

And market watchers might be surprised to learn which ASX 200 mining shares are providing the sector with the biggest boosts.

3 ASX 200 mining shares outperforming the rest

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is launching 7.3% on Monday to trade at 96 cents.

It comes as the nickel developer updates the market on its Hengjaya Mine’s mineral resource. The measure has grown 333% since June 2020.

The mine has now been found to house around 3.7 million tonnes of nickel and 270,000 tonnes of cobalt – certainly nothing to scoff at.

Understandably, the market appears thrilled by today’s news from the ASX 200 mining share.

De Grey Mining Limited (ASX: DEG)

Joining Nickel Industries in the green is the share price of De Grey Mining.

There’s been no news from the gold developer today. However, last week it revealed the prefeasibility study outcome for its Mallina Gold Project.

On the back of the update, Macquarie analysts upped their price target for De Grey Mining shares to $1.65 on Friday, as my Fool colleague James reports.

The ASX 200 mining stock is trading 6.9% higher at $1.16 today.

Fortescue Metals Group Limited (ASX: FMG)

Finally, mining favourite Fortescue is in the green today, with its share price lifting 3.6% to $18.45.

There’s been no news from the iron ore giant for the last fortnight. Though, it’s worth noting iron ore futures lifted 2.1% to US$102.23 a tonne on Friday, marking a week-on-week gain of 7.2%.

That’s likely bolstering sentiment for the commodity and its ASX 200 iron ore mining shares today.

The post 3 ASX 200 mining shares going great guns on Monday appeared first on The Motley Fool Australia.

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More reading

• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• Here’s why the Nickel Industries share price is racing 7% higher
• Here are the 10 most shorted ASX shares
• Here’s how long I plan to hold my Fortescue shares
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Brooke Cooper 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 recommended Macquarie Group Limited. 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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Prime minister Anthony Albanese declared on Sunday that Thursday 22 September will be a one-off public holiday as a memorial for the recently passed Queen Elizabeth II.

In response, there is some consternation in the business community about the impacts of a day off at such short notice.

Similarly the big question for readers of The Motley Fool will be whether the ASX will be open for trade that day.

The ASX is sorting it out

An ASX Ltd (ASX: ASX) spokesperson told The Motley Fool that an official announcement about 22 September will be coming soon.

“ASX is ordinarily closed on national public holidays. We expect that to be the case on the 22nd too,” said the spokesperson.

“However, given the circumstances of this public holiday, there are some logistic and technical matters that we’re working through at the moment, including with customers, before we can confirm.”

Like many retail and hospitality businesses trying to work out the legal and payroll consequences of a public holiday declared only 11 days in advance, the ASX is apparently also scrambling.

The Motley Fool will update this article as soon as official confirmation comes either way.

More to come.

The post Will the ASX open for trade on the Queen’s memorial public holiday? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
• Reason for hope as ‘worst month of the year’ starts off badly
• 6% dividend boost in FY22 yet ASX share price slides today

Motley Fool contributor Tony Yoo 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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The Qantas Airways Ltd (ASX: QAN) share price is trading largely in the green today.

At the time of writing, shares of the Flying Kangaroo are swapping hands for $5.26 apiece, up 0.38%.

Whilst there’s nothing price sensitive out of the airline’s camp today, there’s been plenty that’s led us to this point.

What’s up with the Qantas share price?

Qantas shares have been on a round-trip journey themselves over the past few months.

The ‘fasten seatbelt’ sign has been on for investors, with shares plunging from $5.61 on 30 May to 52-week lows of $4.24 on 12 June, only to retrace most of that downside again, as seen below.

The $9.9 billion company by market capitalisation has certainly copped its fair share of headlines over the past few years, beginning with the pandemic.

As reported by The Motley Fool last week, Qantas has been struggling amid the global reopening, hit by labour shortages that are impacting businesses across the board.

Most recently, CEO Allan Joyce’s 15% year-on year-remuneration increase – bringing his pay package to $2.3 million for the year – caused a stir. This comes amid ongoing calls for his resignation.

With all options on deferred pay included, Joyce’s statutory pay was printed at an eye-watering $5.5 million.

Qantas also announced a $400 million buyback of its own shares (following a $1.9 billion loss for the 12 months to 30 June 2022).

The airline also continues to face criticism over its decision to outsource ground handling during the pandemic, axing its entire ground handling crew to do so.

Unsurprisingly, ground operations have suffered as a result, so much so that CEO Joyce was obliged to apologise for the calamity, and promised better from the company.

Meanwhile, the share buyback has copped mixed reviews from analysts familiar with the company. One said it represents “excess working capital being returned to shareholders [and] not excess profitability”.

Despite the negative press, Qantas chairman Richard Goyder last week came in to bat for Joyce, labelling him the “best CEO in Australia” in an interview with The Age.

Nevertheless, the Qantas share price has tipped its wings in recent weeks, climbing from lows of $4.54 on 24 August to its current price.

It now trades back in line with its June 2022 ranges, and, despite climbing 5% this year to date, is down less than 1% over the past 12 months.

The post What’s boosting the Qantas share price on Monday? appeared first on The Motley Fool Australia.

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More reading

• Qantas share price ends week in the red despite green update
• Qantas share price edges lower amid Alan Joyce’s $2.3 million FY22 pay packet
• Could you be holding onto ‘zombie’ ASX shares hoping for new life?
• ‘Reckless?’ Why the $400 million Qantas share buyback is dividing experts
• Qantas share price falls alongside ASX 200 despite surging airfares

Motley Fool contributor Zach Bristow 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

If there’s anyone qualified to define the best investment, it’s Warren Buffett. He’s the billionaire investor who runs Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), the $600 billion holding company that owns Geico auto insurance, See’s Candies, and many more.

In a 2017 interview, Buffett had this recommendation for investors: “I think it’s the thing that makes the most sense practically all of the time. … [to] consistently buy an S&P 500 low-cost index fund.” Four years later, Buffett repeated his advice, saying, “I recommend the S&P 500 index fund and have for a long, long time to people.”

Owning the S&P 500

An S&P 500 index fund owns all or most of the stocks in the benchmark S&P 500 index. The index, by its own definition, represents “leading companies in leading industries”. These leading stocks must meet strict requirements for market capitalization, liquidity, and profitability.

You can buy all stocks in the index individually, but it’s far easier to own an S&P 500 index fund, as Buffett recommends. There are many S&P 500 index funds available, and from known fund families like Vanguard, Charles Schwab, Fidelity, State Street‘s SPDRs, and BlackRock’s iShares.

The low-cost index fund

Sticking with Buffett’s advice, your best option is a low-cost fund — or a fund with a low expense ratio. The expense ratio is the percentage of your investment that covers the fund’s operating costs.

Vanguard S&P 500 ETF (NYSEMKT: VOO), for example, has an expense ratio of 0.03%. This means you pay $3 annually for every $10,000 you have invested. To be clear, you don’t pay this amount directly — there’s no line item on your statement. Those costs are embedded in the fund’s returns.

A few bucks a year may not seem like much, but fund expenses cut into your bottom line over time.

Say you want to invest $10,000 annually in an index fund for 20 years. Choose the Vanguard fund that charges 0.03% for expenses, and the projected future value of your investment is $405,506. That assumes a market-average growth rate of 7% per year after inflation.

Alternatively, you could invest the same amount in the Rydex S&P 500 Fund, which has a much higher expense ratio of 2.31%. Your projected balance after 20 years is $320,030 — some $85,000 less. Shocking, right?

The importance of consistency

In addition to the “low-cost” tip, there’s another critical element of Buffett’s advice to follow: Invest consistently. He means that literally. Invest what you can each month without fail, regardless of what’s happening in the market.

Consistent investing is easier and can be more profitable than timing your trades. It’s easier because you make fewer decisions, and you don’t have to worry about what the market will do tomorrow or next week. And it helps your gain potential by producing (on average) a lower cost basis, compared to trading only when the market’s strong.

Simple investing, the Buffett way

A recurring investment in a low-fee S&P 500 index fund is a simple solution to the complex problem of wealth-building. It almost seems too easy. But history shows that consistent investing in leading US stocks produces returns averaging about 7% annually, after inflation.

At that rate of return, you’ll double your money about every 10 years. That sounds pretty promising, right?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post The best investment, according to Warren Buffett, and how you can own it appeared first on The Motley Fool Australia.

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More reading

• 6 reasons to buy Apple stock now and never sell
• Is this really the right time to invest in the stock market?
• 2 stocks Warren Buffett could not stop buying in the second quarter
• Warren Buffett more than tripled his position in this stock. Is it a buy?
• Warren Buffett says this type of investor benefits most when stock prices fall

Catherine Brock has positions in Vanguard S&P 500 ETF. Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Vanguard S&P 500 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Charles Schwab. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Sayona Mining Ltd (ASX: SYA) share price is continuing to race to incredible highs today.

At market open, the emerging lithium producer’s shares leapt to an intraday high of 35.5 cents.

However, some profit taking has led the share to slightly retrace to 35.3 cents apiece, up 8.46%.

Nonetheless, this makes it one of the top gainers on the ASX today, behind shares in lithium peer, Global Lithium Resources Ltd (ASX: GL1).

Sayona shares accelerate

Despite the company not releasing any announcements to the market lately, investors are buying up the Sayona share price.

This comes as the S&P/ASX 200 Materials (ASX: XMJ) sector is outperforming the broader ASX to surge 2.22% today.

That makes it the hottest index at the moment, and investors aren’t letting up on it.

In the past week alone, the materials sector is up 7.46%.

Another factor that is likely providing support is the upcoming quarterly rebalance of the S&P/ASX Indices.

Sayona is set to be added to the S&P/ASX 200 Index (ASX: XJO) on Monday 19 September.

In turn, this enables fund managers to buy Sayona shares 

Most fund managers are required to buy or sell shares within specific indexes such as the ASX 200.

With this in mind, investors usually like to take pre-emptive action in buying these shares before being accessible to fund managers.

Sayona Mining share price snapshot

Extreme volatility on the ASX impacted the Sayona share price during the middle of the year.

The share fell from an all-time high of 39 cents on 19 April to a low of 11.2 cents on 23 June, representing a fall of 70%.

However, as the market rebounded in the following months, Sayona shares are treading close to their record high.

So far in 2022, the share price is up 171%.

Sayona Mining presides a market capitalisation of roughly $2.93 billion.

The post Why is the Sayona Mining share price soaring 8% on Monday? appeared first on The Motley Fool Australia.

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• 4 ASX lithium shares that have rocketed more than 100% in 2022
• Do Sayona Mining shares pay dividends?
• Why did the Sayona Mining share price shoot 6% higher today?
• Why is the Sayona share price lifting on Monday?
• Why these 3 ASX shares could be in for a massive boost this month

Motley Fool contributor Aaron Teboneras 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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The BHP Group Ltd (ASX: BHP) share price is up 3.2% at the tail end of Monday’s lunch hour.

BHP shares closed Friday trading for $38.09 and are currently trading for $39.31 apiece.

This comes amid a strong day for the markets more broadly, with the S&P/ASX 200 Index (ASX: XJO) up 1.1% at this same time.

And the materials sector is up twice that much, with the S&P/ASX 200 Materials Index (ASX: XMJ) having gained 2.2% today.

So, why is the BHP share price outperforming?

All eyes back on China

When the materials sector is widely outpacing the benchmark index, one of the first things to check is the iron ore price.

As expected, the industrial metal is up 3.9% today, trading for US$103.65 per tonne. That’s a slightly higher boost in iron ore than we currently see in the BHP share price.

But there may be more tailwinds ahead.

That’s because inflation in China, the world’s number two economy and top importer of Aussie hard commodities, came in below consensus expectations.

The latest consumer price index (CPI) figures showed a 2.5% year-on-year increase in August. Inflation slowed from a 2.7% increase in July, as China’s economy continues to struggle amid the nation’s COVID-zero policy lockdowns.

In a classic case of bad news for a major economy being potentially good news for markets, the slowdown opens the door for the government and the People’s Bank of China to provide more stimulus.

That, in turn, could send commodities like iron ore higher, helping support the BHP share price.

According to Eric Zhu, Bloomberg’s China economist:

China’s soft price data for August suggests inflation won’t be a major constraint to monetary easing anytime soon. To the contrary, anaemic gains in core consumer prices and deep falls in metal costs are signs of weak demand and a recovery that’s struggling on multiple fronts. This means more policy support is needed.

BHP share price snapshot

The BHP share price was just shy of record highs on 19 April this year, but has since retraced alongside the price of iron ore.

Year to date, BHP shares are down 7%, which compared to an 8% fall in the ASX 200 over that same period.

The post Why is the BHP share price booming on Monday? appeared first on The Motley Fool Australia.

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• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• How big will the BHP dividend be in 2023?
• 5 things to watch on the ASX 200 on Monday
• Why did ASX 200 iron ore shares have such a strong end to the week?
• What’s happening with BHP shares 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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It’s been many moons since we last saw a 52-week high for the CSL Limited (ASX: CSL) share price. Today, shares of the ASX 200 healthcare giant are going for $296.90 each at the time of writing, down by 0.58% over the session so far.

But we have to backtrack to November last year to find the last time this company was hitting new highs. Back in late November, we saw the CSL share price hit a high of $319.78 per share.

That is the company’s reigning 52-week high – a level we haven’t seen the company even approach since. In fact, it was only three months or so later that CSL was hitting a new 52-week low of $240.10 per share.

So today, CSL shares are close to the middle of this 52-week range.

This begs the question: what’s next for the CSL share price? Will we be heading back to the company’s 52-week high in 2022?

Is the CSL share price heading back to its 52-week high in 2022?

Well, one ASX broker reckons CSL is in with more than a chance. As my Fool colleague James covered just yesterday, broker Citi is expecting big things from the ASX 200 healthcare share. Citi likes what it sees with CSL’s recent acquisition of Vifor Pharma and its development pipeline.

The broker rated CSL a buy, with a 12-month share price target of $340. Not only is that target well above CSL’s current 52-week high, but it is also tantalisingly close to the company’s all-time high of $342.75 a share.

Indeed, if this price target came to pass, it would mean an upside of more than 14% on the current CSL share price. But since this target is a 12-month one, we can’t say the broker is expecting a new high by the end of this year.

Even so, no doubt investors will welcome that news. But we’ll have to wait and see if Citi’s projections prove accurate, as always.

In the meantime, CSL shareholders can now look forward to receiving the company’s final dividend of $1.758 per share which will be paid out next month on 5 October.

At the current CSL share price, this ASX 200 healthcare share has a market capitalisation of around $144 billion, with a dividend yield of 1.04%.

The post Can the CSL share price regain its 52-week high in 2022? appeared first on The Motley Fool Australia.

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• Experts name 2 blue chip ASX shares to buy that Warren Buffett would love
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• Fundie reveals the 2 ASX shares he’d buy and hold for 4 years
• Should all ASX investors be buying defensive shares right now?

Motley Fool contributor Sebastian Bowen has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a strong gain. At the time of writing, the benchmark index is up 1% to 6,964.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is up over 2% to $5.68. This morning the infant formula company revealed that regulators in China have extended the registration of its Chinese label products until February. This registration was due to expire this month. A2 Milk will still have to register its product to new food safety standards by February.

BHP Group Ltd (ASX: BHP)

The BHP share price is up 3.5% to $39.37. Investors have been buying this mining giant’s shares after iron ore and other commodity prices pushed higher on Friday night. Traders were bidding commodity prices higher amid optimism that Chinese demand will increase thanks to stimulus packages.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 3.5% to $24.59. This has been driven by the release of yet another bullish broker note this morning. According to a note out of Morgan Stanley, its analysts have retained their overweight rating and lifted their price target on this fashion jewellery retailer’s shares materially to $27.25. Morgan Stanley believes the company can grow its store network quicker than anticipated.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is up almost 7% to 95.5 cents. Investors have been buying this nickel producer’s shares following the release of an update on its Hengjaya Mine in Indonesia. According to the release, the company has upgraded its mineral resource to 300 million dry metric tons, with an average grade of 1.22% nickel and 0.09% cobalt. This equates to approximately 3,700,000 tons of nickel metal and 270,000 tons of cobalt. This represents a 333% increase to its measured resources.

The post Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher appeared first on The Motley Fool Australia.

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• Here’s why the Nickel Industries share price is racing 7% higher
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• Why is the A2 Milk share price storming 6% higher on Monday?
• A2 Milk share price on watch following China update
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor James Mickleboro 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 recommended A2 Milk and Lovisa Holdings Ltd. 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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The Whitehaven Coal Ltd (ASX: WHC) share price is tracking lower in afternoon trade on Monday in the red.

At the time of writing, shares in the coal giant are down more than 1% at $8.62 apiece despite no market-sensitive news.

Meanwhile, the price of coal has slipped back to start the new week, after the black rock reached record highs of US$460 per tonne last week.

Both the Whitehaven share price and the coal price are plotted below for the past 12 months.

What’s up with the Whitehaven share price?

Coal prices have a direct bearing on the ASX producers getting the essential commodity from mine to its end-use.

As the price of coal has been tremendously buoyant this year, so too has the ASX coal basket, in unison with the upside.

However, with the reversal of prices into this session, the same basket has clipped some losses today.

For, instance fellow coal players New Hope Corporation Limited (ASX: NHC) and Yancoal Ltd (ASX: YAL) are down less than 1% and 2.5% on the day respectively.

This comes after all three names have recently advanced to new 52-week highs in the recent days of trading.

Therefore, it stands to reason that the price of coal slipping back to range, plus a softening of continued strength in the sector are key points for consideration.

In addition to this, it’s been noted that former Whitehaven chairman, John Conde, has sold down a position of 250,000 shares in the company, ahead of his retirement.

In filings posted to the ASX this morning, Whitehaven noted the sale and also that Conde still has a position of over 458,000 shares in the company.

In total, the sale is supposed to give the former hydrocarbons company chair over $2 million.

The Whitehaven share price currently trades on a price-to-earnings ratio (P/E) of approximately 4.5 times and has soared more than 230% this year to date.

The post Why is the Whitehaven share price lagging the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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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ASX lithium shares are having a mixed day but there are two that are surging higher today.

The two outperformers are ASX minnows are Lithium Energy Ltd (ASX: LEL) and Global Lithium Resources Ltd (ASX: GL1).

The former jumped 9.6% to a high of $1.26 before settling to trade 4.35% higher at $1.20 a share at the time of writing. Meanwhile, the Global Lithium share price recorded an 11.87% jump, hitting $2.45. It’s currently trading for $2.40, 9.59% higher.

In contrast, the All Ordinaries (ASX: XAO) is1.05% ahead while fellow lithium producer Allkem Ltd (ASX: AKE) is down 0.91% to $15.805 a share.

Hopes building for Lithium Energy share price

The Lithium Energy share price gathered momentum amid the company announcing the start of its first landmark drilling program.

The miner commenced drilling at its Solaroz Lithium Brine Project in Argentina. The project is within the so-called Lithium Triangle and is close to Allkem’s mines.

The first hole is being drilled adjacent to Allkem’s Olaroz Lithium Facility. Lithium Energy plans to drill 10 holes going for circa 5,000 metres.

Rising tide lifts all ASX lithium shares

Announcements like this don’t normally attract such excitement. After all, it’s the results from the drilling that are more important.

But it doesn’t seem to take much to trigger a rally in ASX lithium shares. The commodity is in hot demand with several experts predicting a supply shortfall and booming demand for years to come.

Further increases in the price of lithium are adding to the fervour. Macquarie Group Ltd (ASX: MQG) noted on Friday that Chinese spot technical and battery-grade lithium carbonate (LCE) prices are up week on week (WoW).

More price gains for lithium

The prices gained 1% each to RMB482,500 per tonne (US$69,400/t) and RMB495,500/t (US$71,300/t), respectively (non-VAT adjusted).

The broker added:

Lithium carbonate supply remains tight in China due to logistic challenges caused by lockdowns in Sichuan and Qinghai. Realised spodumene prices rose 2% WoW to US$5,110/t.

Macquarie also noted that Global Lithium has recently secured a third drill rig at Manna. This will enable the ASX lithium miner to speed up infill drilling at the deposit.

Should you buy these ASX lithium shares?

The broker has an ‘outperform’ recommendation on the Global Lithium and Allkem share prices. Its 12-month target on the ASX lithium shares are $2.50 a share and $21 a share, respectively.

Macquarie does not cover the Lithium Energy share price, which has rallied 108% over the past year.

By comparison, the Global Lithium share price is up 513% and the Allkem share price is up 76% over the period.

The post 2 ASX lithium shares leaping more than 9% on Monday appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX lithium shares to buy
• Here are the top 10 ASX 200 shares today
• Why is the Global Lithium Resources share price rocketing 27% this week?
• 3 ASX 200 directors who have been selling shares in their companies this week
• 5 ASX 200 lithium shares with the lowest levels of debt

Motley Fool contributor Brendon Lau has positions in Allkem Limited and Macquarie Group Limited. 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 recommended Macquarie Group Limited. 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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