On Stockhead today, who’s in the $2 trillion green steel chase, who’s buying the dip with Cathie Wood, and why now’s not the time to lose your bottle.

But first, the day ahead.

Local shares are set to open modestly lower on Monday. At 8am AEST, the ASX 200 September futures contract is pointing down by 2 points.


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

Caeneus Minerals (ASX:CAD) – Cap Raise? Cap Raise. It’s the polite way of saying hello if you’re suddenly transported back to Victorian times, and you own a hat.

Nexus Minerals (ASX:NXM) – Cap Raise, but only for sophisticated investors, so if you’re still driving a VB Commodore and only own Ugg Boots and thongs, you’re not allowed in.

Zenith Minerals (ASX:ZNC) – Zenith’s got results on the way from its Split Rocks lithium project.

PolyNovo (ASX:PNV) – And there’s news on the way from the US FDA about “a major new product for the US market”. Exciting times!

Kula Gold (ASX:KGD) – capital raise

Tamboran Resources (ASX:TBN) – capital raise

Charger Metals (ASX:CHR) – capital raise

InhaleRX (ASX:IRX) – capital raise



Gold: $US1,675.06 (+0.68%)

Silver: $US19.550 (+2.04%)

Nickel (3mth): $US23,127/t (-4.50%)

Copper (3mth): $US7,729.50/t (+0.94%)

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): $US85.11 (+0.01%)

Oil (Brent): $US91.74 (+1.99%)

Iron 62pc Fe: $US101.50 (-2.87%)

AUD/USD: 0.67174 (+0.39%)

Bitcoin: $US219,847 (+0.49%)



“It’s a big club, and we ain’t in it.”


Gold prices are getting smashed. Is there hope on the horizon?


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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 for September 12 to September 16:

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New Age Exploration’s (ASX:NAE) Lochinvar project in the UK could be at a turning point as import bans on Russian coal increase global demand and prices for metallurgical coal.

As a result of improved sentiment, the company has commissioned Palaris Australia to carry out an update to its 2014 Lochinvar Scoping Study.

“In recent months, NAE has received expressions of interest in the Lochinvar project from a range of potential investors, as the economic outlook for metallurgical coal continues to improve,” executive director Joshua Wellisch said.

“NAE remains confident that new technologies that may replace metallurgical coal in the steel sector may not come online for many decades.”

Critical Resources (ASX:CRR) reported assay results up to 4.32% lithium at Mavis Lake in Canada – “the highest-grade lithium results in our project’s history”.

The world’s largest hard rock lithium mines usually come in at an ore grade of between 0.8% and 1.5%.

Altech Chemicals (ASX:ATC) executed a JV agreement with German battery institute Fraunhofer IKTS to commercialise IKTS’ revolutionary CERENERGY Sodium Alumina Solid State (SAS) Battery. 

Altech will be the majority owner at 75% of the JV company, which will commercialise a 100 MWh project to be constructed on Altech’s land in Schwarze Pumpe, Germany.

The target market for this project will specifically focus on the grid (stationary) energy storage market which is expected to grow from US$4.4 billion in 2022 to US$15.1 billion by 2027.



Here are the best performing ASX small cap stocks for September 12 to September 16:

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

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