Rise and Shine: What you need to know before the ASX opens

On Stockhead today, why Australia could be hardest hit in the global shipping crisis, James Hardie’s absolutely killing it in the US, and Guy le Page has his eye on the copper supply risk

But first … the day ahead

Who’s listing today?

Scheduled to list is Cobram Estate Olives (ASX:CBO), which calls itself “Australia’s largest producer and marketer of premium quality extra virgin olive oil”.

Cobram owns +2.4 million olive trees planted on 6,584 hectares of farmland in Victoria, together with Australia’s largest olive tree nursery.

TRADING HALTS

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

Wednesday

Roto-Gro (ASX:RGI) – clarifying announcement
Aldoro Resources (ASX:ARN) – drilling results
Rhinomed (ASX:RNO) – commercial agreement
Great Southern Mining (ASX:GSN) – capital raising
Core Lithium (ASX:CXO) – capital raising
African Gold (ASX:A1G) – exploration results
Tian Poh Resources (ASX:TPO) – ASX  determination
Novonix (ASX:NVX) – capital raising
ikeGPS (ASX:IKE) – capital raising

Thursday

PARKD (ASX:PKD) – material contract
WAM Leaders (ASX:WLE) – capital raising
Vital Metals (ASX:VML) – acquisition

MARKETS

Gold: $US1,729.05 ($2,353.41) (-0.02%)

Silver: $US23.34 ($31.77) (-0.39%)

Oil (WTI): $US68.50 (+3.04%)

Oil (Brent): $US70.80 (+2.55%)

Coal: $US167.00 (+3.17%)

Iron 62pc Fe: $US168.59 (-2.84%)

AUD/USD: $US0.7348 (+0.28%)

Bitcoin: $US45,497.11 (+1.33%)

WHAT GOT YOU TALKING YESTERDAY?

Lithium, again.

#Lithium names frothing today pic.twitter.com/VcmbcjHQg5

— smallcaps_asx (@SmallCaps_asx) August 10, 2021

The question is … what’s next?

There are other battery metals with huge exposure to the EV/ clean energy thematic.

Is there opportunity for #graphite, #nickel, #cobalt, #vanadium or #rare earths stocks to go on a ‘lithium-like’ run? https://t.co/qlWLxUQ93u

— Stockhead (@StockheadAU) August 9, 2021

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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.

YESTERDAY’S WINNERS

Scroll or swipe to reveal table. Click headings to sort.

Stocks highlighted in yellow rose after making announcements during intraday trade.

Lachlan Star (ASX:LSA) signed a term sheet with Liontown Resources (ASX:LTR) which would allow Liontown to earn 51% equity in Lachlan Star’s Koojan Ni-Cu-PGE prospect.

Battery company Novonix (ASX:NVX) announced Phillips 66 will take a 16% stake. The deal will result in Phillips 66 chipping in US$150 million and one of its executives joining Novonix’s board.

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.

Stocks highlighted in yellow rose after making announcements during intraday trade.

Broo (ASX:BEE) fell off the back of news Victorian authorities declined to approve current proposed terms of sale of its Ballarat property.