The Galaxy Resources Limited (ASX: GXY) share price gained 5.27% to close on Tuesday at $2.55 as the lithium company continues to benefit from a series of announcements indicting shifts away from diesel and petrol fuel sources.
Galaxy Resources Limited is a global lithium company with mining interests in Western Australia, Canada and Argentina.
Lithium, with limited supply, strong demand and steady price increases over the past 10 years, is used to make batteries in cars, phones and other technology.
With plans to ban diesel cars in Britain and France and talk of China following suit, Australian lithium companies have enjoyed solid gains over the past few months, although Galaxy Resources is still down from its monthly high of $2.82.
And while Galaxy Resources saw gains in yesterday's trade, the share price of another lithium player, Orocobre Limited (ASX: ORE), dipped 0.95% to end the day at $4.17.
