7 ASX lithium shares going gangbusters today

MotleyFool02-07

It hasn't been an easy time to be an investor in the lithium space, but things are certainly looking up for the industry today. A number of ASX lithium shares are going gangbusters on Wednesday, much ...

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The Argosy Minerals Limited  share price is up 8% to 10.25 cents. The Core Lithium Ltd  share price is up 7% to 19.25 cents. The Latin Resources Ltd  share price is up 8.5% to 15.2 cents. The Liontown Resources Ltd  share price is up 5.5% to 95 cents. The Piedmont Lithium Inc  share price is up 11% to 20.5 cents. The Pilbara Minerals Ltd  share price is up 4% to $3.52. It appears that investors have been flooding back into ASX lithium shares on Wednesday in response to strong gains made by their global peers.In addition, there has been some individual news giving at least a couple of these ASX shares a boost today.","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7504":"锂钴概念","PLS.AU":"PILBARA MINERALS LTD","CXO.AU":"CORE LITHIUM LTD","LTR.AU":"LIONTOWN RESOURCES LTD","PLL.AU":"PIEDMONT LITHIUM INC-CDI","BK7507":"资源股","BK7095":"多种金属与采矿","MIN.AU":"MINERAL RESOURCES LTD","AGY.AU":"ARGOSY MINERALS LTD","LRS.AU":"LATIN RESOURCES LTD"},"translate_title":"7 ASX锂股今日大卖","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGY.AU":1,"CXO.AU":1,"LRS.AU":1,"LTR.AU":1,"MIN.AU":1,"PLL.AU":1,"PLS.AU":1},"content_text":"It hasn't been an easy time to be an investor in the lithium space, but things are certainly looking up for the industry today.\nA number of ASX lithium shares are going gangbusters on Wednesday, much to the delight of their long-suffering shareholders.\nASX lithium shares going gangbusters\nHere's a summary of some of the movers and shakers in the industry today:\n\nThe Argosy Minerals Limited (ASX: AGY) share price is up 8% to 10.25 cents\nThe Core Lithium Ltd (ASX: CXO) share price is up 7% to 19.25 cents\nThe Latin Resources Ltd (ASX: LRS) share price is up 8.5% to 15.2 cents\nThe Liontown Resources Ltd (ASX: LTR) share price is up 5.5% to 95 cents\nThe Mineral Resources Ltd (ASX: MIN) share price is up 3% to $56.91\nThe Piedmont Lithium Inc (ASX: PLL) share price is up 11% to 20.5 cents\nThe Pilbara Minerals Ltd (ASX: PLS) share price is up 4% to $3.52\n\nWhat's going on?\nIt appears that investors have been flooding back into ASX lithium shares on Wednesday in response to strong gains made by their global peers.\nFor example, Ganfeng Lithium jumped 8%, Tianqi Lithium leaped 7%, Albemarle rose 4%, and Lithium Americas Corp climbed 7% during overnight trade.\nIt's possible that some investors believe that the industry has been oversold and are now returning to pick up some bargains.\nIn addition, there has been some individual news giving at least a couple of these ASX shares a boost today.\nAs we covered here, Pilbara Minerals has executed an amendment to its existing offtake agreement with Chengxin Lithium Group. It notes that this materially extends and expands the supply of spodumene concentrate to a leading lithium chemical converter.\nIn 2024, Pilbara Minerals will supply an additional 60kt of spodumene concentrate, taking the total supply to 85kt. In 2025 and 2026, the company will supply 150kt of spodumene concentrate to Chengxin Lithium Group.\nElsewhere, Piedmont Lithium has released a corporate update this morning. It confirmed that it has completed a 27% reduction in its workforce in an effort to cut costs. It hopes to save US$10 million on an annual run rate.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409251315"}