Scores of ASX lithium shares have reset their 52-week highs as lithium commodity prices continue to rise.
Shares in the market's largest pure-play lithium producer, PLS Group Ltd (ASX: PLS) lifted 1.2% to a new 52-week high of $4.89 today.
The IGO Ltd (ASX: IGO) share price rose 2.1% to a 52-week high of $8.95.
Liontown Resources Ltd (ASX: LTR) shares lifted 3.5% to a 52-week high of $2.10.
The Core Lithium Ltd (ASX: CXO) share price rocketed 24% to a two-year high of 36 cents.
Lake Resources NL (ASX: LKE) shares rose 14.3% to a 52-week high of 16 cents.
Elevra Lithium Ltd (ASX: ELV) shares increased 1.9% to a 52-week high of $9.
Galan Lithium Ltd (ASX: GLN) shares rose 5.5% to a 52-week high of 38 cents.
The Delta Lithium Ltd (ASX: DLI) share price lifted 8.5% to a 52-week high of 25.5 cents.
Wildcat Resources Ltd (ASX: WC8) shares rose 10.3% to a 52-week high of 43 cents.
Pmet Resources CDI (ASX: PMT) shares rose 11.3% to a 52-week high of 69 cents.
The Winsome Resources Ltd (ASX: WR1) share price lifted 9.8% to a 52-week high of 56 cents.
Midas Minerals Ltd (ASX: MM1) shares rose 10% to a 52-week high of 66 cents.
Lithium prices have been steadily lifting since mid-2025 and leapt higher overnight.
Let's find out why.
Image source: Getty Images
Why are lithium prices rising again?
Trading Economics analysts say lithium prices are on the mend due to higher demand and lower supply worldwide.
The lithium carbonate price rose 3.75% overnight to a 19-month high of US$19,793 per tonne.
The Spodumene Concentrate Index (CIF China) Price lifted 1.69% to US$1,800 per tonne.
The Battery-Grade Lithium Hydroxide price rose 3.6% to US$16,213.76 per tonne.
There is greater demand globally for batteries and power infrastructure amid the green energy transition.
Additionally, sales of electric vehicles (EVs) in China are rising, with EVs outselling traditional cars for the first time last October.
Trading Economics reports that 'new energy vehicles' in China rose 20.6% annually to a record of 1.823 million units in November.
China has pledged to double EV charging capacity to 180 gigawatts by 2027.
Amid higher demand for lithium, China is also seeking to stabilise lithium prices by implementing measures to avoid over-capacity.
Analysts at Trading Economics said:
The Bureau of Natural Resources of Yichun, which includes the lithium mining hub in the Chinese Jiangxi province, stated it would cancel 27 mining permits early next year.
The move was consistent with the earlier suspension of activity in CATL's Jianxiawo lithium mine as the Chinese government aims to reduce capacity in many goods industries to prevent the ongoing race-to-the-bottom that has stirred deflationary pressures.
