Miners Lift Shares Higher, Gold Climbs
AFR2022-04-11
Metals miners have helped the S&P/ASX 200 to a 0.3 per cent gain in early trade. The materials sector is up 0.8 per cent, with energy up 0.7 per cent. The worst performer is tech, down 1.2 per cent.
Lithium explorer Lake Resources is up 10.2 per cent after announcing an offtake agreement with Ford, while $8.4 billion lithium brine miner Allkem has added 1.6 per cent to $13.30.
Gold miners are also up as gold reaches $1946 an ounce. Northern Star is up 2 per cent, with Newcrest up 1.3 per cent.
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