On Stockhead today, good REEs/bad REEs, we need to talk about energy storage, and three copper juniors with a potentially bright 2023 ahead.

But first, the day ahead.



Patriot Lithium (ASX:PAT)

Listing: 12pm AEST

IPO: $10m at 20c per share

Hot on the heels of Patriot Battery Metals’ (ASX:PMT) red hot debut is PAT, another lithium explorer focused on North America.

Patriot will list with three US hard rock projects; Keystone (South Dakota) and Tinton West (South Dakota/Wyoming) in the Black Hills district, and Wickenburg in Arizona.

Keystone is down the road from the historic Etta mine, an important global lithium source between 1898 and 1960.

At times, it was the main source of spodumene in the world and yielded the largest (up to 14m long) spodumene crystals ever mined.

READ: Q+A: Upcoming IPO Patriot Lithium is hunting hard rock paydirt near the biggest spodumene crystals ever found



The following stocks went into trading halts yesterday and are expected out in the coming days:

Flynn Gold (ASX:FG1) – material exploration results

Kincora Copper (ASX:KCC) – capital raising

Douugh (ASX:DOU) – capital raising

Meteoric Resources (ASX:MEI) – material acquisition

New World Resources (ASX:NWC) – capital raising

Anova Metals (ASX:AWV) – capital raising

Pivotal Metals (ASX:PVT) – capital raising

Highfield Resources (ASX:HFR) – capital raising



Gold: $US1,785.11 (-0.06%)

Silver: $US22.67 (-0.22%)

Nickel (3mth): $US29,271/t (+2.06%)

Copper (3mth): $US8,421.50/t (+0.36%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 7): $US81,375/t (+0.0% weekly, +127.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 7): $US80,725/t (+0.0% weekly, +171.4% year-to-date)

Oil (WTI): $US73.02 (+1.41%)

Oil (Brent): $US77.85 (+0.89%)

Iron 62pc Fe: $US107.50 (-1.83%)

AUD/USD: 0.6725 (+0.03%)

Bitcoin: $US16,811 (-0.14%)



Lithium prices in China continued to climb in the first half of November before stabilising in the latter half, as rumours swirled that downstream battery supply chain players would limit production for the rest of 2022.

This resulted in an overall (and still very respectable) 4.9% month-on-month increase in Benchmark Mineral Intelligence’s Lithium Price Index.



What commodities are going to run hot in 2023? We ask 6 experts for their predictions (and some ASX stock picks).

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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.



Here are the best performing ASX small cap stocks:

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The biggest winner was Ken Brinsden’s Patriot Battery Metals (ASX:PMT) for the second day running.

The dual listee is now trading up a tidy 203% from its ASX listing price of $0.60.

Smart camera manufacturer Cycliq Group (ASX:CYQ) announced $1,296,000 revenue in November off the back of its newly launched Fly12 Sport product.

Biotech Imagion Biosystems (ASX:IBX) presented positive interim study results for the first time at a breast cancer meeting in San Antonio.

“Analysis of the first cohort of six patients suggests that the molecular signature of the MagSense imaging agent, when used with conventional MRI could help discriminate potentially cancerous nodes from normal nodes,” the company says.

And Corazon (ASX:CZN) has discovered spodumene (lithium) bearing pegmatite at the Miriam project in WA’s Goldfields region.



Here are the worst performing ASX small cap stocks:

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