Rise and Shine: Everything you need to know before the market opens

On Stockhead today, the dirty truth about that Dundas discovery, China’s not-so dominant, and BHP’s bull case for steel.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEST, the ASX 200 October futures contract is pointing up by 1.6%.

TRADING HALTS

The following companies went into trading halts yesterday and are expected out in the next few days:

Eagle Mountain Mining (ASX: EM2) – Eagle Mountain has a mineral resource update on the way, which we’re guessing should be with us tomorrow or Thursday

Beacon Minerals (ASX:BCN) – Material transaction

New Zealand Coastal Foods (ASX:NZS) – Material acquisition

Nanoveu (ASX:NVU) – Capital raising

COMMODITY/FOREX/ CRYPTO MARKET PRICES

Gold: $US1,725.20 (+1.53%)

Silver: $US21.05 (+1.41%)

Nickel (3mth): $US22,020/t (+3.58%)

Copper (3mth): $US7,687/t (+2.38%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US86.27 (+3.16%)

Oil (Brent): $US91.55 (+3.02%)

Iron 62pc Fe: $US95.21 (+1.05%)

AUD/USD: 0.6505 (-0.1%)

Bitcoin: $US20,268 (+3.72%)

WHAT GOT YOU TALKING YESTERDAY?

ALL things lithium.

According to Saxo Bank market strategist Jessica Amir, lithium stocks gained some 10% yesterday and the ASX200 closed 3.6% higher, marking the best single-day gain since April 01, 2020. 

– @SayonaMining and @PiedmontLithium launch PFS for NAL #lithium carbonate production
– @LarvottoR gains 23% on discovery of new lithium anomaly within Eyre Project
– @CygnusGold and @LatinRes both appoint big names to non-executive director roles https://t.co/nuk9wUz8x1 #ASX

— Stockhead (@StockheadAU) October 4, 2022

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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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

Southern Cross Gold (ASX:SXG), has surged on some freakin’ enormous drill results, which look like this:

Drill hole SDDSC046:

• 21.5 m @ 15.0 g/t AuEq (12.2 g/t Au and 1.7% Sb) from 183.6 m

and drill hole SDDSC043:

• 12.5 m @ 2.4 g/t AuEq (1.1 g/t Au and 0.8% Sb) from 241.0 m

But not as much as Cygnus Gold. All it had to do was appoint David Southam as a managing director to add $16m to its market cap.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks:

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