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With more than seven million daily users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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And perhaps more importantly, of course, we look into why those companies have drawn a focus intraday — which on Tuesday, is mainly critmins.
Metallium (ASX:MTM) is the first, leading the way after signing a ten-year offtake agreement with Indium Corporation (through its U.S. Unit “Flash Metals USA”) to supply recovered critical metals from its U.S. recycling operations.
Under the State-side bargain, Flash Metals will supply everything from gallium and germanium to copper, tin, gold and indium to the U.S.-based specialty materials refiner. The general pricing has been set on a “formula-based schedule,” Metallium explained to shareholders this morning.
MTM is one cent stronger today, at 57cps.
Also trending Tuesday is Andromeda Metals (ASX:ADN). This microcap doesn’t pop up all that often, but today it told investors that it had “progressed its global cornerstone equity funding process for the development of Stage1A+ of the Great White Project (GWP) to an advanced stage with a preferred party.”
That was enough to get the market watching, apparently, though Andromeda’s impediments caused by the conflict in the Middle East – “rapidly evolving and volatile,” the company wrote – hurt things a little.
To late lunchtime, ADN shares have been 0.9c each.
And finally, St George Mining (ASX:SGQ) has suffered another down day despite its most recent update regarding its EU partnership with Tecnicas Reunidas.
The most recent update is that St George has engaged Tecnicas Reunidas to test samples of the rare earths resource at the company’s 100%-owned Araxá niobium-REE Project in Minas Gerais, Brazil. “The reputation of Tecnicas Reunidas in Europe is second to none,” said St George’s chairman John Prineas.
SGQ has been down -4.35% today; still +450% YTD, however.
Then, looking wider, the ASX 200 is +0.89% stronger.
(It had started the day down, until a rapid lunchtime about-face. My Market Link colleague JD has broken down why it’s burst upward.)
That’s Tuesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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