Luke Laretive joins Owen Rask on The Australian Investors Podcast to talk about lithium shares like Lake Resources Ltd (ASX: LKE), Core Lithium Ltd (ASX: CXO), Pilbara Minerals Ltd (ASX: PLS) and Vulcan Energy Resources Ltd (ASX: VUL).
A strong lead-in from Wall Street gave solid impetus to the Australian market on Tuesday, and the result was a lift of 114.8 points, or 1.7 per cent, in the benchmark S&P/ASX 200 (INDEXASX: XJO) Index, to 6779.2; while the broader S&P/ASX All Ordinaries (ASX: XAO) index added 121.9 points, or 1.8 per cent, to 6976.2. The ASX 200 is off to a positive start on Wednesday morning.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney.
The S&P/ASX 200 (INDEXASX: XJO) ended Thursday flat but the selloff in lithium stocks has returned once again, with the Pilbara Minerals Ltd (ASX: PLS) share price, Liontown Resources Ltd (ASX :LTR) share price and Lake Resources Ltd (ASX: LKE) share price pushing the commodities sector to a 1.5 per cent loss.
On the latest episode of The Australian Investors Podcast, you can watch along as I explain why Rask donated $2,500 to one of our favourite charitable organisations, The Life You Can Save.