Top 10 at 10: These junior ASX rare earths, lithium stocks are leading today’s winners
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Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
The Aussie bourse has opened higher for the second day in a row of trading for 2023. The benchmark S&P/ASX 200 is up 0.6% in the opening minutes of trade.
Overnight, early gains on Wall Street trimmed after release of Fed meeting minutes for Dec 13-14th, showing they were willing to keep rates high for some time to reduces inflation.
The S&P 500 and Nasdaq reduced their early gains to close at 0.7%, while the Dow closed 0.40% higher.
The Aussie dollar is up by almost 2% to US68.7c after news the Chinese Government were discussing potential easing of restrictions on Australian coal.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Lindian Resources Limited (ASX:LIN) announced positive results from the first two batches of assays from the Phase 1 drilling program at the Kangankunde rare earths project in Malawi.
LIN said both holes contain mineralisation with very high rare earths grades, broad intersections of non-radioactive material over the entire lengths of the holes, a large percentage of critical battery metal elements of NdPr.
Pure Resources (ASX:PR1) has announced multiple new outcropping pegmatite occurrences at its Laforge lithium project in Quebec, Canada with 3 samples observed containing visual spodumene which fluoresced under ultraviolet light.
PR1 said further investigation is ongoing and assays to fully evaluate the extent and tenor of possible lithium mineralisation are expected in 8 weeks.
Stocks highlighted in pink have made market-moving announcements (click headings to sort).