On Stockhead today, Guy le Page takes to tin, thermal coal hits nine-year highs and is the party over for iron ore?


But first… the day ahead.



The following companies are in trading halts and are expected to exit over the next two trading days:


PYC Therapeutics (ASX:PYC) – clinical results
Superloop (ASX:SLC) – capital raising and acquisition
Torrens Mining (ASX:TRN) – exploration update
Coda Minerals (ASX:COD) – exploration update
Bluglass (ASX:BLG) – capital raising
Zeus Resources (ASX:ZEU) – capital raising


Duke Exploration (ASX:DEX) – capital raising
Celsius Resources (ASX:CLA) – drilling results



Gold: $US1,892.66 ($2,445.72) (-0.33%)

Silver: $US27.61 ($35.68) (-0.95%)

Oil (WTI): $US70.14 (+1.16%)

Oil (Brent): $US72.14 (+0.91%)

Coal: $US113.25 (+1.34%)

Iron 62pc Fe: $US207.84 (+2.68%)

AUD/USD: $US0.7738 (-0.23%)

Bitcoin: $US33,546.87 (-1.46%)



It looks like JP Morgan now reckons lithium spodumene prices will hit “previous cycle highs of $US1000/t in 2024”. Massive, considering spod was selling for ~$US380/t late last year.

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.


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UK-based oil and gas explorer Doriemus (ASX:DOR) gained 107% off the back of a $3 million capital raising.

Cogstate (ASX:CGS), one of the few ASX stocks fighting Alzheimer’s, rose after the FDA approved the first ever drug shown to fight Alzheimers head on (as opposed to merely treating symptoms).

The drug is owned by Biogen which is a partner of Cogstate’s partner Eisai. Cogstate says the green light will be good for its own solutions.

In resources, the top winner with news was Dateline Resources (ASX:DTR).

The gold junior revealed the results of ore processing trials which could boost gold grades, reduce processing costs and increase potential profits.


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Taruga Minerals (ASX:TAR) declined off the back of an exploration update.