Pilbara Minerals share price is climbing higher today: here’s why
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The Pilbara Minerals Ltd (ASX: PLS) share price climbed higher today.
At the close of the ASX on Wednesday, the Australian lithium-tantalum producer gained 3.04% at $1.50 a piece. Over the past month, Pilbara’s share price has increased 12.96%.
It’s good news for investors looking to recoup some gains lost over the year. Over the past 12 months, Pilbara Minerals’ share price has fallen 50%.
Like all S&P/ASX All Ords Index (ASX: XAO) lithium shares, the producer has been hit by a continued decline in lithium prices amid a global oversupply.
But does the latest uptick suggest things are about to turn?
Here’s why Pilbara Minerals is moving higher today.
Lithium prices are rising
After a significant downturn in…
