• Mining stocks rally
  • Australia job vacancies balloon to 6.9%
  • Lithium stocks keep surging

A rally in mining stocks wasn’t enough to push the ASX to an eighth consecutive day of gains.

The benchmark index closed 0.2% lower today, and for March it’s up by almost 6 % and inching towards all-time highs.

The Mining sector, which makes up one fifth of the benchmark index, rallied by 1.5% as giant miners like BHP (ASX:BHP) and Rio (ASX:RIO) climbed.

This comes as iron ore and other commodities continue to rise amid the ongoing conflict in Ukraine. The war is raging on despite Russia’s promise on Tuesday to de-escalate activities in major cities including Kyiv.

The Australian Border Force has today slapped tariffs on Russian and Belarusian goods – of up to 35%, – in response to Russia’s invasion.

Meanwhile, Australia is in dire need of workers as job vacancies jumped to 6.9% in the three months to February. Vacancies are at 86% higher than what they were prior to Covid, raising more concerns around inflation.

Tech stocks erased most of yesterday’s gains after falling by almost 2% today.


Swipe or scroll to reveal the full table. Click headings to sort.

The raging hot lithium sector keep surging after media reports the US government could be investing more in Australia’s critical mineral projects.

ionner (ASX:INR) was one of the best performers today, up by 17%, on no specific news.

Core Lithium (ASX:CXO), another lithium play, jumped 8% after announcing positive drilling update from the Finniss Lithium Project near Darwin.


Swipe or scroll to reveal the full table. Click headings to sort.

Air New Zealand (ASX:AIZ) dropped 6% after coming out of a trading halt. The airline is is launching a NZ$2.2 billion recapitalisation package to help position the airline for recovery. It includes NZ$1.2 billion in pro rata renounceable rights offer to shareholder.