It’s been a optimistic begin to the buying and selling week thus far this Monday for the S&P/ASX 200 Index (ASX: XJO). Up to now immediately, the ASX 200 has gained a good 0.43% and is again over 7,060 factors. But it surely’s been a good higher begin to the week for the Liontown Assets Restricted (ASX: LTR) share value.

Liontown shares have charged out of the gate immediately. This ASX 200 lithium inventory has gained a wholesome 5.15% thus far immediately and is now buying and selling at $1.79 a share. That comes after the corporate closed at $1.70 a share final week and opened at $1.75 this morning.

So what is perhaps eliciting this pleasing bounce in valuation for Liontown shares immediately?

Properly, it’s bought nothing to do with any information or bulletins out of the corporate itself, seeing as there are none immediately.

Why is the Liontown Assets share value on hearth immediately?

Nevertheless, we’re seeing some huge strikes immediately with most of Liontown’s ASX lithium share friends. Pilbara Minerals Ltd (ASX: PLS) shares are having fun with a 2.4% enhance immediately. Allkem Ltd (ASX: AKE) shares are up greater than 2.8%. And Core Lithium Ltd (ASX: CXO) shares have exploded greater than 10% larger to $1.62 a share.

It is perhaps the latter firm there that’s to thank for these decisive share value rises. As my Idiot colleague Brooke coated this morning, Core Lithium shares have rocketed after the corporate launched an replace on its exploration actions.

It was all excellent news, as Core Lithium reported promising spodumene outcomes for its surface-level Anningie-Barrow Creek Challenge. It additionally reported a major gold mineralisation at its Finniss Lithium Challenge. That is now estimated to carry as much as, and even exceed, 18 million ounces of gold.

So excellent news for Core Lithium shares immediately. And it seems to be like this goodwill is spilling into the ASX’s different lithium shares like Liontown.

On the present Liontown Assets share value, this ASX 200 lithium inventory has a market capitalisation of $3.92 billion.