Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Australia could be the world’s biggest gold producer by mid-next year, junior explorers may be feeling the investor love in 2020 thanks to a strong iron ore price and Avita is busy with so much more than just burns treatments.
This will be a quiet trading week. The ASX will be shut on Wednesday and Thursday for Christmas and Boxing Day but will be open today, tomorrow and Friday.
The only economic data out this week is private sector credit at 11.30am – both monthly for November and year on year.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next two trading days.
Urbanise.Com (ASX:UBN) – capital raising
Middle Island Resources (ASX:MDI) – capital raising
Prospect Resources (ASX:PSC) – capital raising
New Century Resources (ASX:NCZ) – expansion of working capital facility
Argent Minerals (ASX:ARD) – R&D claim outcome
Gold: $US1,477.65 ($2,141.27) (-0.08%)
Silver: $US17.18 (+0.53%)
Oil (WTI): $US61.22 (+0.43%)
Oil (Brent): $US65.04 (-2.26%)
Coal: $US67.58 (-1.34%)
Iron 62pc Fe: $US91.74 (-0.28%)
AUD/USD: $US0.6901 (+0.01%)
Bitcoin: $US7322.41 (+0.22%)
Any news is good news…right? S&P Global told us lithium prices might stay low into 2020 if electric vehicle pick up does not accelerate.
But 2020 will be decisive; if new projects don’t find financing in the coming months, lithium oversupply will shift suddenly into shortage in a few years. #ASX #ausbix $LIT $PSC https://t.co/NXNxfruJdB
— Stockhead (@StockheadAU) December 16, 2019
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