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ASX lithium shares set to boom

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The ASX lithium sector has long been an area of interest from ASX investors. Since the days of the 2017 lithium bubble, interest in the sector has been on the rise again. This can be seen in the share prices of some of the ASX’s largest lithium plays. Take Pilbara Minerals Ltd (ASX: PLS), whose shares are up more than 500% over the past 12 months. Galaxy Resources Limited (ASX: GXY) has enjoyed gains of around 450% over the same period. Orocobre Limited (ASX: ORE) shares, 230%.

Much of this share price buying pressure has arguably come from the assumption that there is a coming surge in demand for lithium. A surge driven by the adoption of electric cars, vehicles and batteries. Including those from Tesla Inc (NASDAQ: TSLA).

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