12 November 2025, 05:02 Australia: Shares Open Slightly Higher.
The S&P/ASX 200 edged higher 0.1% to around 8,830 in Wednesday morning trade, recouping some of the prior session’s losses as commodity stocks rallied, driven by lithium miners. Mining stocks climbed about 1%, marking their strongest levels since late October, as firmer copper prices lifted sentiment. The sector also drew support from lithium miner Mineral Resources, which jumped over 10% to a one-month high after agreeing to sell a 30% stake in its lithium operations to South Korea’s POSCO Holdings. Liontown Resources also advanced over 5%, reaching its highest since June, after a deal to streamline its spodumene sales. Additionally, energy stocks rose 1% to their highest since early September, lifted by stronger oil prices, while gold miners added 1.1% on firmer bullion. Conversely, tech stocks tumbled 2.9% to their lowest since May, with Xero and NextDC down 2.2% each. Meanwhile, focus turns to the upcoming October jobs report, which could provide clues on the RBA's policy outlook.
© 1999-2026 Forex EuroClub
All rights reserved