S&P/ASX 200 up 1.1% as strong gains in commodity prices push mining and energy stocks higher
S&P/ASX 200 (INDEXASX:XJO) gained 63 points or 1.1% to close at 5819 as iron ore miners pushed higher and banks bounced back from a weak start.
Mining stocks are collectively up 3.1% as iron ore prices powered past $US100 a tonne for the first time in 10 months amid concerns about supply issues in COVID-19 ravaged Brazil.
BHP Group Ltd (ASX:BHP) gained 3.1% to $35.71, Rio Tinto (ASX:RIO) rose 4.1% to $97.23 and Fortescue Metals rose 6.4% to an all-time high of $14.79.
Goldminers were also amongst the top performers as the price of the precious metal rose above US$1,740 an ounce, with Evolution Mining Ltd (ASX:EVN) rising 3.3% to hit an all-time high of $6.30.
The best performers on the ASX include Great Southern Mining Ltd (ASX:GSN) (+22.09%) Opyl Ltd (ASX:OPL) (+11.11%), Nanoveu Ltd (ASX:NVU) (+11.11%), Volt Resources Ltd (ASX:VRC) (+12.50%), Whitebark Energy Ltd (ASX:WBE) (+20.00%), Oakdale Resources Ltd (ASX:OAR) (+50.00%), Eclipse Metals Ltd (ASX:EPM) (+12.50%), PNX Metals Ltd (ASX:PNX) (+12.50%), St George Mining Ltd (ASX:SGQ) (+10.00%), Ansila Energy NL (ASX:ANA) (+13.33%), Blackstone Minerals Ltd (ASX:BSX) (+10.00%), Argonaut Resources NL (ASX:ARE) (+16.67%) and Blackham Resources Ltd (ASX:BLK) (+18.75%).
Proactive news headlines:
Platina Resources strikes multi-million deal for Skaergaard Palladium and Gold Project[hhmc]
Platina Resources Limited (ASX:PGM) has struck a multi-million deal for its non-core Skaergaard Palladium and Gold Project in Greenland which will be sold to Canadas Eastern Zinc Corp (CNSX:EZNC). This will create more than A$8.3 million in value and enable Platina to focus on core projects, including its namesake NSW project, which has potential to become Australias first scandium producer with cobalt, platinum and nickel credits.
Havilah Resources enters research collaboration for REE recovery from Kalkaroo[hhmc]
Havilah Resources Ltd (ASX:HAV) (FRA:FWL) has entered a research agreement with the University of South Australia to investigate recovery of by-product rare earth elements (REE) from saprolite gold ore at the companys Kalkaroo project. Test sample material for the six-month collaborative research agreement will come from Havilahs recent shallow drill holes at West Kalkaroo, which encountered highly elevated levels of REE.
MMJ Group's Canadian investment Embark Health starts revenue generating operations[hhmc]
MMJ Group Holdings Ltd (ASX:MMJ) (OTCMKTS:MMJJF) (FRA:2P9) investment Embark Health Inc has started revenue-generating operations at its newly commissioned cannabis production facility in BritisRead More – Source
[contf]
[contfnew]
Proactiveinvestors
[contfnewc]
[contfnewc]
