On Stockhead today, oil is on the boil again, vanadium’s new dawn is approaching and how to hit back at $12 iceberg lettuce.

But first, the day ahead.

The week kicks off on Monday with the release of the May inflation gauge by the Melbourne Institute and the May reading of job advertisements from ANZ.

“The inflation gauge surprisingly fell 0.1 per cent in April while job ads fell 0.5 per cent from lofty levels,” says CommSec.

In China, Monday sees the release of the Caixin purchasing managers’ index for services as well as the composite measure.

The services reading is 36.2 – well below the 50 line that signifies growth, says CommSec.

 

TRADING HALTS

The following companies entered trading halts and should be out in the next few days.

Asaplus Resources (ASX:AJY) – response to an ASX price query

Lumos Diagnostics (ASX:LDX) – ahead of a capital raise

Battery Minerals (ASX:BAT) – ahead of a proposed fund raising

Empire Energy Group (ASX:EEG) – ahead of a capital raise

Caeneus Minerals Limited (ASX:CAD) – pending the release of assay results

Alterra Limited (ASX: 1AG) – pending the announcement of a capital raising

 

MARKETS

Gold: $US1,850.51 (-0.94%)

Silver: $US21.913 (-1.65%)

Nickel (3mth): $US28,392/t (0.00%)

Copper (3mth): $US9,520.00/t (0.60%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 1): $US69,450/t (0.1% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 1): $US70,875/t (0.0% weekly)

Oil (WTI): $US118.870 (+1.571%)

Oil (Brent): $US121.00 (+2.88%)

Iron 62pc Fe: $US143.00 (+2.20%)

AUD/USD: $US0.72059 (-0.83%)

Bitcoin: $US29,834.10 (+0.66%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

How does one get palladium — worth US$2,067.80/oz — from an old catalytic convertor?

Glad you asked.

LAST WEEK’S ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for May 30 – June 3:

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

Recent IPO Southern Cross Gold (ASX:SXG) was up 245% last week, thanks to a speccy 119m at 3.9g/t gold equivalent drill hit at the ‘Sunday Creek’ project in Victoria.

Lindian Resources’ (ASX:LIN) share price smashed through eight-year highs after it reached an out-of-court settlement over a protracted 2018 dispute over the ‘Kangankunde’ rare earths project in Malawi.

And historical rock chip sampling returned up to 7.49% lithium at Tyranna Resources’ (ASX:TYX) newly acquired ‘Namibe’ project in Angola, West Africa.

That’s high grade. Hard rock mines usually produce at an ore grade of between 0.8-1.5% lithium.

 

LAST WEEK’S ASX SMALL CAP LOSERS:

Here are the best performing ASX small cap stocks for May 30 – June 3:

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