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The ASX200 has been up 0.75% at 8,437 points.
Investors have been buoyed by China’s measured response to Trump’s tariffs.
The iron ore price has been trading at around US$105.30 per tonne in Singapore, pushing miners higher.
Materials has been the best-performing sector, up 1.9%, followed by IT, up 1.8%, and Energy, up 1.5%.
Health Care has been the only sector to lose ground, down 1%.
Company News
Solstice Minerals (ASX:SLS) has acquired the Nanadie Copper-Gold Project in Western Australia (WA) from Cyprium Metals (ASX:CYM). The project includes a significant landholding of 130km2 near Meekatharra.
Solstice Minerals has been 3.23%.
Amcor’s (ASX:AMC) has been up 3.4% after the company confirmed its not immune to the effects of ongoing tariff conflicts but remains well-positioned to mitigate any potential damage.
Amcor has been $16.24.
Vertex Minerals (ASX:VTX) has been up 4.8% after commissioning a new ore sorter at its Hill End gravity gold plant in New South Wales. The ore sorter and pre-concentrator, based on TOMRA’s laser technology, promises enhancements in processing efficiency.
Vertex Minerals has been 32.5 cents.
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