Monsters of Rock: Which miners came through today’s ultraviolent horrorshow unscathed?
Mining
September 20, 2021|Josh Chiat
When Anthony Burgess popularised the term ‘horrorshow’ in his novel A Clockwork Orange, the ultraviolence loving hoodlums who populated his weirdo version of England were saying things were ‘good’.ASX mining investors would have the contemporary meaning on their mind as the materials sector – and close to the whole of the ASX 200 – suffered some ultraviolence of their own today.
The price of iron ore dived on Friday to a touch over US$100/t, a 14-month low, continuing its rapid retrace from records of US$233/t seen in mid May.
While the Dalian Commodities Exchange took a breather with China celebrating the Mid-Autumn Festival, Singapore is open, with 62% iron ore for January delivery dropping 8.51% to US$90.80/t as of 4pm AEST.
The ASX 200 slipped 2.10% into the red while the materials sector led the losses with a 3.74% slide.
BHP (down 4.16%), Rio (-3.6%) and FMG (-3.73%) were all big losers, but not as starkly as they were in mid-session trade, when they wiped 30 points off the ASX 200 on their own.
Negative sentiment extended outside of iron ore to stocks in just about every commodity, with recent market darlings the victims of bearish sentiment. Rare earths minerLynas (ASX:LYC)was down 11.8% while lithium boomersPilbara Minerals (ASX
LS)andOrocobre (ASX:ORE)were down 9.61% and 8.66% respectively.
Which miners swam against the tide?
Just one — lithium developerLiontown Resources (ASX:LTR), which managed to find enough favour to record a 0.32% or half a cent gain to $1.55.
~$3 billion capped Liontown, plans to have the Kathleen Valley lithium mine in the Goldfields up and running in 2024, and has ridden the lithium wave this year to a more than 600% gain over the past 12 months.
What else was up at the big end of resources town? The Physical Gold ETF (ASX:GOLD), trading up 0.18%.
Liontown Resources share price today:
LTRLiontown Resources
Mkt Price
$1.62+0.025+1.6%6:59 pmHigh
$1.655Open
$1.595Volume
9,349,377Low
$1.565Prev. Close
$1.595Turnover
$15,113,573Oct2021AprJul$0.25$0.50$0.75$1.00$1.25$1.50$0.25$0.50$0.75$1.00$1.25$1.5050M100M50M100M
22 Sep 22 Sep 17 Sep 17 Sep 13 Sep Share prices and news byStockNessMonster
Prices and news delayed by 20 minutes
- Subscribe to ourdaily newsletter
- Forums
- ASX - By Stock
- LTR
- LTR CHARTING THREAD 3.0...........TA ONLY PLEASE
LTR CHARTING THREAD 3.0...........TA ONLY PLEASE, page-840
-
- There are more pages in this discussion • 633 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
|
|||||
Last
71.0¢ |
Change
0.020(2.90%) |
Mkt cap ! $1.746B |
Open | High | Low | Value | Volume |
71.0¢ | 72.5¢ | 70.0¢ | $4.839M | 6.788M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 125143 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.5¢ | 97541 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 214276 | 0.715 |
15 | 133240 | 0.710 |
14 | 297919 | 0.705 |
19 | 504609 | 0.700 |
15 | 254080 | 0.695 |
Price($) | Vol. | No. |
---|---|---|
0.720 | 48979 | 5 |
0.725 | 621888 | 17 |
0.730 | 498317 | 20 |
0.735 | 129156 | 8 |
0.740 | 113440 | 5 |
Last trade - 10.57am 12/09/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |