On Stockhead today, Yep, specialty metals are part of the in-crowd now the world’s biggest miners watched Rio Tinto fork out more than $20 million for an obscure scandium project in NSW.

Now to catch the strange, rare, weird and wonderful metal players on the ASX, we sent in our own strange, rare, weird and wonderful Josh Chiat.

But first, the day ahead.

 

TRADING HALTS

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

Voltaic Strategic Resources (ASX:VSR) – Capital raising.

Technology One (ASX:TNE) – Data breach.

Podium Minerals (ASX:POD) – Capital raising.

Saturn Metals (ASX:STN) – Capital raising.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US2041.53 (-0.12%)

Silver: $US25.55 (-0.14%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US68.58 (+0.01%)

Oil (Brent): $US782.51 (+0.32%)

Iron 62pc Fe: $US107.50/t (-0.94%)

AUD/USD: 0.6610 (+0.14%)

Bitcoin: $US29,156 (+2.24%)

 

WHAT GOT YOU TALKING?

This, despite it being anything but a paradox…

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

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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:
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Stand-out performer was Magnum Mining (ASX:MGU), which soared 82.5% on news of a Memorandum of Understanding (MOU) for an offtake deal with Mitsubishi – covering “all products associated with the proposed operations at its 100% owned Buena Vista Green Iron Project in Nevada, USA”.

“This MOU gives the Buena Vista Green Iron Project a sound basis for moving forward to a Feasibility Study,” Magnum CEO Neil Goodman said.

“The Ferrous Raw Materials Division of Mitsubishi is an internationally recognised and respected commodity trading team. Magnum welcomes this important strategic alliance and the surety it can bring to the Project’s development.”

The rush on Magnum shares eased somewhat throughout the day, leaving it trading at 44% when the whistle blew.

Dynamic Metals (ASX:DYM), jumped 26.3% after the company announced that it has completed the first round of exploration drilling at its Lake Percy nickel project 120km to the west of Norseman in WA’s goldfield region.

Aussie cannabis company Creso Pharma (ASX:CPH), jumped 25% on news that the company’s wholly-owned US subsidiary, Sierra Sage Herbs, has finalised a new product range of functional (non-psychedelic) mushrooms.

And worth a quick mention is Alligator Energy (ASX:AGE), up 19% after presenting a powerpoint at the Austmine Conference, centred on its Samphire uranium project – part of the broader show of support for uranium across the market.

 

TODAY’S ASX SMALL CAP LAGGARDS

Here are the least best performing ASX small cap stocks:

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