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The ASX is set to rise again today with futures up 0.28% near 8.30am AEDT.
US markets had another subdued night overnight – is the YTD rally losing steam for good, or is this but a temporary lull as traders digest recent CPI?
The Dow Jones, unlike the S&P500 and NASDAQ, ended green.
Also: copper prices spiked overnight after Chinese facilities agreed to produce less of the electrification metal – they’re at an 11mth high as of this morning.
Yet another bullish supply-side story for metals, and it isn’t even Q2 yet.
Stocks catching eyes this morning:
Infinity Lithium (INF) has announcedan update on its San Jose play.
Land acquisition rights have been extended over areas wherein a lithium processing facility has been proposed for buildout.
The acquisition boasts a minimum 35Y lease.
Shares last at 7.5c.
Torque Metals (TOR) has reported a lithium find.
The company reported “high-grade lithium hits” on Thursday pre-market.
This relates to its ‘New Dawn’ project.
Shares last at 16c.
Pharmaust (PAA) has inked an operational update.
The company says it has filed “positive clinical data” with the FDA.
PAA has found itself using a wormicide to experimentally treat COVID in recent years.
Shares last 37.5c.
Fenix (FEX) has inked a new haualge deal.
The contract is valued at $70M.
It sees Fenix Port Services operate as a logistics provider for iron producer Gold Valley.
Shares last at 24c.
Finally, Western Mines (WMG) has inked an assay update.
This relates to recent drilling.
The company says it has found massive nickel sulphides at a grade of 4.5%.
Shares last at 16c.
