5 ASX lithium shares being added to the All Ordinaries in the latest rebalance

These ASX lithium shares are growing up and will soon be joining the All Ordinaries index…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A number of junior ASX lithium shares have been given some very good news.

Every three months, S&P Dow Jones Indices announces its quarterly rebalance of the S&P/ASX Indices. When this occurs, shares move into and out of particularly indices.

On Friday, the index solutions company released its latest rebalance and revealed that the All Ordinaries index will be welcoming some new additions.

Among the additions are a total of five ASX lithium shares.

A group of people in suits and hard hats celebrate the rising share price with champagne.

Image source: Getty Images

Which ASX lithium shares are joining the All Ordinaries index?

The five ASX lithium shares that will join the widely followed All Ordinaries index at the rebalance on 20 March are as follows:

Anson Resources Ltd (ASX: ASN)

Anson Resources is a junior mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core asset is the Paradox Lithium Project in Utah, United States.

Atlantic Lithium Ltd (ASX: A11)

Atlantic Lithium is an African-focused lithium exploration and development company aiming to deliver Ghana's first lithium mine. The company's flagship project is the Ewoyaa Project, which is a significant lithium spodumene pegmatite discovery.

Latin Resources Ltd (ASX: LRS)

Latin Resources is a mineral exploration company with projects in South America and Australia. It notes that it is developing mineral projects in commodities that progress global efforts towards net zero emissions. Its flagship project is the Salinas Lithium Project in the pro-mining district of Minas Gerais, Brazil.

Lithium Power International Ltd (ASX: LPI)

Lithium Power International is a pure-play lithium explorer focused on the development of Chile's next sustainable high-grade lithium mine. It also has two hard-rock projects in Western Australia. One of which is adjacent to Greenbushes, the world's largest hard rock Lithium mine owned by Tianqi and Albemarle.

Red Dirt Metals Ltd (ASX: RDT)

Red Dirt Metals is a Western Australian exploration and development company aiming to bring high-quality, lithium-bearing pegmatite deposits into production. It owns 100% of the Yinnetharra Lithium Project in the Gascoyne region of Western Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Materials Shares

Man looking happy and excited as he looks at his mobile phone.
Materials Shares

Which ASX share is racing 5% higher on big news?

This news is going down well with the market. Here's what is happening.

Read more »

A hipster-looking man with bushy beard and multiple arm tattoos sits on the floor against a sofa reading a tablet with his hand on his chin as though he is deep in thought.
Materials Shares

Forget Rio Tinto and buy this ASX copper share

Here's an alternative to the mining behemoth for copper exposure according to Bell Potter.

Read more »

Two boys play outside on an old army tank.
Materials Shares

This small-cap ASX stock is soaring after a major US Army boost

This small-cap ASX stock is back in focus after a US Army boost.

Read more »

A steel worker peers out from under his protective headwear which is tipped back on his head as he stares solemnly straight ahead with steel production equipment in the background.
Materials Shares

This ASX 200 stock is up almost 30% in a year. Now it is making another big move

This ASX 200 stock is slipping despite a major update.

Read more »

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Materials Shares

Bell Potter tips 129% upside for this ASX materials stock

Bell Potter is bullish on this materials stock.

Read more »

Miner looks into the distance as he checks a folder.
Materials Shares

Lynas shares retreat on Malaysia expansion news

Rare earths giant addresses environmental questions.

Read more »

Three businesspeople leap high with the CBD in the background.
Materials Shares

Guess which ASX lithium share is jumping 25% on big news

Investors are happy with this announcement with Korean origins.

Read more »

A hand points to a salt crust at a salt mining operation in Australia.
Materials Shares

This billion-dollar ASX resources company is tipped to jump more than 100%

This company's major project is nearing completion.

Read more »