Category: Stock Market

  • What’s dragging on ASX 200 energy shares today?

    An image showing a red graph with a white arrow pointing downwards above three black barrels of oil to represent falling oil prices and ASX 200 energy sharesAn image showing a red graph with a white arrow pointing downwards above three black barrels of oil to represent falling oil prices and ASX 200 energy shares

    ASX 200 energy shares are in the red today on the back of falling oil prices.

    The S&P/ASX 200 Energy Index (ASX: XEJ) is down 0.68% at the time of writing. Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) is up 0.26%.

    Let’s take a look at what is impacting ASX 200 energy shares today.

    ASX 200 energy shares down

    Oil prices are plunging again today, and so are the big ASX 200 energy shares. The Santos Ltd (ASX: STO) share price is down 1.21%, while Woodside Petroleum Ltd (ASX: WPL) is slipping 1.41%. Meanwhile, Beach Energy Ltd (ASX: BPT) shares have descended 1.45%.

    The WTI crude oil price has fallen by 5.63% to US$101.75 a barrel. Brent crude oil has dropped 4.82% to US$107.98 a barrel, Bloomberg data shows. Natural gas prices are also slipping by 1.61%.

    The value of oil is diving amid a plan by US President Joe Biden to release supply. The Biden administration is considering releasing one million barrels of oil per day from strategic reserves for several months, Reuters reports.

    The Biden team is expected to provide more details on the plan on Thursday in the United States. The aim is to calm gasoline prices, which have surged since the Russian invasion of Ukraine on 24 February.

    The Brent crude oil price has soared 15% since this date, Trading Economics data shows. On 8 March, Brent crude oil hit a high of US$127.98 a barrel.

    Commenting on the potential oil release, SPI Asset management managing partner Stephen Innes said:

    It’s a sentiment shock, but if recent history suggests anything the reserve release will only be a temporary fix and akin to putting a band-aid on a broken leg.

    Which ASX energy giant has gained the most in 2022?

    The S&P/ASX 200 Energy Index (ASX: XEJ) index has surged by 20% in the year to date. For perspective, the benchmark S&P/ASX 200 Index (ASX: XJO) is down 0.73% over the same timeframe.

    Of the major ASX 200 energy shares, Woodside has enjoyed the strongest gains in 2022. The Woodside share price is up 41.6% year to date.

    The post What’s dragging on ASX 200 energy shares today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside right now?

    Before you consider Woodside, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why BHP, Core Lithium, Tabcorp, and Talga shares are racing higher

    Green stock market graph.

    Green stock market graph.In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to continue its winning run. At the time of writing, the benchmark index is up 0.25% to 7,534.3 points.

    Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

    BHP Group Ltd (ASX: BHP)

    The BHP share price is up almost 3% to $51.93. Investors have been buying BHP and other mining shares today following a rise in base metal and oil prices overnight. This has helped drive the S&P/ASX 200 Resources index 1.6% this afternoon.

    Core Lithium Ltd (ASX: CXO)

    The Core Lithium share price is up 9% to $1.38. Investors have been buying this lithium developer’s shares following the release of drilling results from the Bilatos prospect at its Finniss Lithium Project. According to the release, most holes intersected significant lithium grades and consistent thicknesses of pegmatite in the first drilling.

    Tabcorp Holdings Limited (ASX: TAH)

    The Tabcorp share price is up 3% to $5.37. This follows the release of a demerger update by the gambling company. Tabcorp intends to spin off its lotteries business with a separate share market listing. Shareholders will be given one new share in the lotteries business for every Tabcorp share they own. The board determined that the demerger is the most certain and timely path to maximise value for shareholders.

    Talga Group Ltd (ASX: TLG)

    The Talga share price has jumped 19% to $1.70. This morning the battery technology company announced that it has successfully commissioned its electric vehicle anode qualification plant located in Northern Sweden. This is considered to be Europe’s first ultra-low emission battery anode production facility.

    The post Why BHP, Core Lithium, Tabcorp, and Talga shares are racing higher appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Does the Vanguard MSCI Index International Shares ETF (ASX:VGS) pay dividends?

    The letters ETF in a trolley with money.

    The letters ETF in a trolley with money.

    The Vanguard MSCI Index International Shares ETF (ASX: VGS) might not be the most popular exchange-traded fund (ETF) on the ASX. That honour goes to the Vanguard Australian Shares Index ETF (ASX: VAS). But it is still one of the most popular funds that track shares listed outside Australia.

    Vanguard’s VGS ETF is massive in scope. It tracks the MSCI World ex-Australia Index (AUD), which is an index that aims to provide exposure to the stock markets of most of the advanced economies of the world. The fund covers more than 20 countries. These range from the United States, Singapore and Japan to Canada, the United Kingdom and Hong Kong. It also covers most countries in Europe.

    As such, the VGS ETF holds an extraordinarily large number of companies within its underlying portfolio – close to 1,500. 

    But despite this sheer number of holdings, it’s the US tech giants that still dominate this ETF. Between them, Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) and Tesla Inc (NASDAQ: TSLA) make up approximately 15.24% of this ETF’s weighting, despite being five shares out of almost 1,500.

    With an ETF of this size, scale and scope, many investors might be wondering if they can expect dividend payments? 

    What kind of dividend distributions does the VGS ETF pay out?

    Well, let’s take a look at the Vanguard MSCI Index International Shares ETF’s income potential.

    So as an ETF, VGS is obliged to pass on any dividends it receives from its holdings straight to investors through dividend distributions. And amongst its near-1,500 holdings, there are more than a few dividend payers, including both Apple and Microsoft.

    As such, VGS does indeed pay dividend distributions. In fact, it forks these out four times a year. Its latest announced payment will be sent to investors on 20 April. This payment will be worth 40.84 cents per unit.

    VGS’s previous three dividend distributions were worth 43.12 cents, 34.26 cents and 81.3 cents per unit.

    That comes to a (as of 20 April) trailing annual amount of 199.52 cents, or just under $2, per unit.

    VGS units are presently trading at a price of $98.93, up 0.25% for the day so far. That gives this ETF a trailing yield of 2.02% right now. Since none of VGS’s shares are ASX shares, there are no franking credits that come with these distributions. 

    So that’s the kind of dividend income an ASX investor can expect from the Vanguard MSCI Index International Shares ETF. 

    The post Does the Vanguard MSCI Index International Shares ETF (ASX:VGS) pay dividends? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in VGS right now?

    Before you consider VGS , you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and VGS wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns Alphabet (A shares), Amazon, Apple, Microsoft, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, Apple, Microsoft, Tesla, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares) and has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why has the CBA share price outperformed its big four peers in March?

    Businessman cheers while holding a trophy.Businessman cheers while holding a trophy.

    The Commonwealth Bank of Australia (ASX: CBA) share price blew those of its competitors out of the water in March.

    At the time of writing, it’s trading at $106.49, around 14% higher than it was at the end of February.

    For context, the S&P/ASX 200 Index (ASX: XJO) has gained 7% over the same time frame.

    So, what’s been sending the CBA share price higher in March, and by how much has it outperformed its big banking buddies? Let’s take a look.

    What’s been driving the CBA share price in March?

    The month started off with a bang for the CBA share price when it gained 1.46% on the back of an estimated $1.8 billion divestment.

    The biggest Aussie bank announced it had agreed to sell a 10% stake in Chinese counterpart, Bank of Hangzhou, on 1 March.

    It will continue to own an approximate 5.6% stake in the bank until 2025 at the earliest.

    CBA CEO Matt Comyn noted the sale will allow the ASX-listed bank to “focus on [its] core banking business in Australia and New Zealand.”

    Speaking of Comyn, he raised some eyebrows and, perhaps, some concerns this month when he offloaded a sizeable chunk of CBA shares on-market.  

    The CEO sold 13,520 shares in the bank for a total of approximately $1.4 million on 15 March.

    That left Comyn with a direct holding of a little over 50,000 CBA shares, an indirect holding of slightly more than 34,000 shares, and a healthy collection of rights.

    CBA also paid out its interim dividend yesterday.

    Shareholders received a full franked $1.75 dividend for every share they owned as of 16 February.

    By how much has CBA outperformed its peers in March?

    The CBA share price has been the best performing big bank stock in March.

    However, it’s been closely trailed by the National Australia Bank Ltd (ASX: NAB) share price. It has gained 12% this month.

    Meanwhile, the share prices of Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) have each gained around 7%.

    The post Why has the CBA share price outperformed its big four peers in March? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in CBA right now?

    Before you consider CBA, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and CBA wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Talga (ASX:TLG) share price rockets 17% on EV battery news

    a smiling woman holds an arm in the air as she holds a fully-charged battery symbol with her other hand.a smiling woman holds an arm in the air as she holds a fully-charged battery symbol with her other hand.

    The Talga Group Ltd (ASX: TLG) share price is accelerating today following a positive update from the technology minerals company.

    At the time of writing, Talga shares are surging 17.48% to $1.68 apiece.

    Talga brings Europe’s first Li-ion battery anode plant online

    In today’s statement, Talga advised it has successfully commissioned its electric vehicle anode qualification plant located in Northern Sweden.

    This is considered to be Europe’s first ultra-low emission battery anode production facility.

    Pleasingly, the now operational plant was commissioned on time and within budget.

    Talga will now produce large scale commercial samples of its coated active anode material, Talnode-C for battery customer qualification. The process includes using graphite concentrate from the company’s wholly-owned Vittangi Graphite Project.

    Talga highlighted that more than 20 battery manufacturers and automotive customers are engaged to receive Talnode-C samples. This is for large-scale EV battery qualification and procurement processes.

    Large scale commercial testing is a critical stage in the EV customer procurement process for active anode material.

    Talga managing director, Mark Thompson commented:

    With demand for clean graphite anode rising, Talga’s Electric Vehicle Anode plant is an important step in the journey for the establishment of a European EV and battery supply chain. We look forward to start delivering large scale samples to engaged EV battery customers.

    Talga share price summary

    Since the beginning of the year, Talga shares have moved mostly sideways, posting a 3% gain for the period.

    However, when looking at the last 12 months, its share price is up around 36%.

    Based on today’s price, Talga commands a market capitalisation of roughly $511.9 million.

    The post Talga (ASX:TLG) share price rockets 17% on EV battery news appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Talga right now?

    Before you consider Talga, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Talga wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Novonix (ASX:NVX) share price shoots up 20% this month amid tech snapback

    asx share price increase represented by golden dollar sign rocketing out from white domes of lithiumasx share price increase represented by golden dollar sign rocketing out from white domes of lithium

    Shares in Novonix Ltd (ASX: NVX) are surging 8% higher to now sit at $6.11 apiece in afternoon trade on Thursday.

    Investors are rallying behind Novonix today on a volume of 69% of the 4-week average, extending gains for the past month to 20%.

    Lumpy set of returns in 2022

    Even still, the stock remains 33% in the red since trading resumed in January, all whilst the ASX tech sector has slipped just 15%.

    This kind of trend has been the norm for Novonix shares since late 2021, in that with each move to the downside or upside in the tech index, Novonix tends to jump a few points on top of that.

    Since November last year, shares have netted a loss of 25%, whereas the index is down just 20% in the same time.

    TradingView Chart

    Much of the pressure has stemmed from shifting yields on long-dated bonds, hurting the valuations of shares like Novonix.

    Consequently, tech and growth shares alike have been compressed in 2022, with many names suffering deep losses until the time of writing.

    As The Motley Fool reported earlier in March, “with a downturn in the wider sector, this appears to have spilled over into downward pressure on Novonix as well.”

    Aside from that, the company saw earnings downgrades from several brokers on the back of its much larger expenditure base in the first half.

    In the last 12 months, the Novonix share price has spiked more than 183% and is also surging 4% in the previous week of trade.

    TradingView Chart

    The post Novonix (ASX:NVX) share price shoots up 20% this month amid tech snapback appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Novonix right now?

    Before you consider Novonix, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Novonix wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Here’s a look at some ASX shares with ex-dividend dates coming up in April

    A man points at a paper as he holds an alarm clock.

    A man points at a paper as he holds an alarm clock.A lot of money has been paid into shareholder pockets via dividends this month and this trend is set to continue in April.

    But in order to be eligible to receive these dividends, you’ll need to be on a company’s share register prior to the ex-dividend date.

    With that in mind, listed below are some popular ASX shares that are due to go ex-dividend in April. Here’s what you need to know:

    ARB Corporation Limited (ASX: ARB)

    This 4×4 parts manufacturer’s shares will be trading ex-dividend for its fully franked 39 cents per share interim dividend on 7 April. ARB will then be paying eligible shareholders this dividend a couple of weeks later on 22 April.

    Brickworks Limited (ASX: BKW)

    This building products company is rewarding its shareholders with a fully franked 22 cents per share dividend. To be eligible for the 3 May payment, you’ll need to own its shares before they trade ex-dividend on 11 April.

    New Hope Corporation Limited (ASX: NHC)

    Earlier this month, this coal miner released its half year results and announced a fully franked interim dividend of 17 cents and a special dividend of 13 cents per share. New Hope’s shares will trade ex-dividend for these on 14 April. Eligible shareholders will then be paid these dividends on 4 May.

    Seven Group Holdings Ltd (ASX: SVW)

    This investment company’s shares will trade ex-dividend on 12 April for its fully franked 23 cents per share dividend. This will then be paid around three and a half weeks later on 6 May.

    Sigma Healthcare Ltd (ASX: SIG)

    Sigma Healthcare, the operator of Amcal and other pharmacy brands, will be paying its shareholders a fully franked 1 cent per share dividend on 22 April. To be eligible for this, you’ll need to own its shares before they go ex-dividend on 4 April.

    Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

    Finally, this investment company declared a fully franked 29 cents per share dividend earlier this month with its half year results. Soul Patts’ shares will trade ex-dividend for it on 20 April, before making the payment the following month on 13 May.

    The post Here’s a look at some ASX shares with ex-dividend dates coming up in April appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • This ASX blue-chip share has notched up 9 52-week highs this month

    share price risingshare price rising

    March has been a good month for many of the market’s biggest names, and one ASX blue-chip share is making the most of it.

    The National Australia Bank Ltd. (ASX: NAB) share price has surpassed its own 12-month record high 9 times this month, often on consecutive days.

    In fact, it’s beaten it once again today, gaining 0.5% to trade at $32.56 at its intraday – and new 52-week – high point.

    Let’s take a look back at each time the ASX blue-chip share has bested its own milestone this month.

    ASX blue-chip share hits 9 52-week highs in March

    Today is another good day for the NAB share price ­– it’s in the green once more, pushing past its previous 52-week high yet again.

    And it’s perhaps not surprising given the bank stock’s performance over the month of March. It has gained nearly 12% since the end of February.

    Interestingly, its share price has only outperformed the broader ASX blue-chip market by around 5% in that time.

    The S&P/ASX 100 Index (ASX: XTO) has gained 7% this month, as has the S&P/ASX 50 Index (ASX: XFL).

    Prior to March, the NAB share price’s 52-week high was $30.98. It reached that point in mid-February 2022.

    Then, on 17 March, it traded as high as $31.27.

    That 12-month high didn’t last long. On 21 March, the ASX blue-chip share surpassed it to reach $31.47 – but its new 52-week high was beaten only days later when it hit $31.74 on 23 March.

    Since then, it has reached a new 52-week high during every single trading session, culminating in today’s $32.56 high point.

    As many readers have likely already assumed, the NAB share price has been performing well this year.

    It’s bested the S&P/ASX 200 Index (ASX: XJO)’s performance by nearly 11% over 2022 so far.

    It has also gained 24.5% over the last 12 months. Over that same period, the benchmark index has risen by 11%.

    The post This ASX blue-chip share has notched up 9 52-week highs this month appeared first on The Motley Fool Australia.

    Should you invest $1,000 in NAB right now?

    Before you consider NAB, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and NAB wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • What’s driving the Mineral Resources (ASX:MIN) share price higher today?

    mining worker making excited fists and looking excitedmining worker making excited fists and looking excited

    The Mineral Resources Limited (ASX: MIN) share price is marching higher today, up 3.27%.

    Mineral Resources shares closed yesterday at $50.51 and are currently trading for $52.16.

    So, without any new price-sensitive announcements from the company, what’s driving ASX investor interest in Mineral Resources?

    Materials shares leading the charge

    It’s not just Mineral Resources enjoying a strong day today.

    The S&P/ASX 200 Materials Index (ASX: XMJ) is well outpacing the S&P/ASX 200 Index (ASX: XJO). The Materials Index is up 2.03% at the time of writing, compared to a 0.44% gain for the ASX 200.

    The strong performance of the Mineral Resources share price looks to be partly driven by a 3.4% boost in iron ore prices overnight. Iron ore is currently trading just above US$158 per tonne.

    Atop iron ore, Mineral Resources also has a large footprint in lithium mining operations. And lithium carbonate prices remain near record highs as the world continues with its battery boom in an effort to decarbonise.

    And in news that looks to be offering tailwinds across ASX resource shares, and could be helping boost the Mineral Resources share price, the United States is poised to begin funding Australian critical minerals projects.

    As the Australian Financial Review reports, US Commerce Secretary Gina Raimondo met with Australian Trade Minister Dan Tehan yesterday to work through remaining regulatory hurdles.

    The US is looking for secure sources outside of China for minerals crucial to the development of electric vehicles and a range of military equipment, not to mention smartphones. President Joe Biden is invoking Cold War powers to enable the US government to finance overseas projects.

    Mineral Resources share price snapshot

    The Mineral Resources share price is up almost 37% over the past 12 months, handily outpacing the 11% gains posted by the ASX 200 during that same period.

    At the current price, Mineral Resources has a market cap just north of $9.5 billion.

    The post What’s driving the Mineral Resources (ASX:MIN) share price higher today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Mineral Resources right now?

    Before you consider Mineral Resources, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mineral Resources wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • What exactly is vanadium and which ASX shares have exposure?

    Vanadium square on a periodic table.

    Vanadium square on a periodic table.

    It’s probably an understatement to say that green metals are all the rage on the ASX at the moment. Almost any company that mines, produces, or processes green metals has seen an uptick in investor interest over recent months. We only need to look at lithium shares like AVZ Minerals Ltd (ASX: AVZ), up 260% in the past six months, to see this in action. But lithium is only one green metal. There are many more that investors are also excited about for their role in our potential future. Vanadium is one of those.

    Vanadium is an element (23 on the periodic table, with the symbol ‘V’) that is hard and grey in colour. According to Geoscience Australia, it is a soft and ductile metal, which makes it useful in producing iron alloys like high-strength steel. But it is also increasingly being seen as a potentially key ingredient in the next generation of rechargeable batteries. Particularly those known as ‘redox flow batteries’.

    Industry analyst Professor Rick Velenta told a recent report from the ABC that redox flow batteries “can last for over 20 years, they don’t degrade over time, and they don’t catch on fire, which is a major problem for other large-scale batteries”. 

    He said that “only about 2 per cent of vanadium produced around the world is used for redox flow batteries… but they’re such appealing batteries, demand will increase”.

    That sounds like good news for Australia, which has the third-largest deposits of the metal in the world, behind China and Russia.

    And this is presumably what has piqued many investors’ interests in this green metal. 

    So which ASX shares are involved in vanadium production?

    Is vanadium miner Multcom Resources listed on the ASX?

    Well, one popular name is Multicom Resources. This company owns the Saint Elmo Project near Julia Creek in Queensland. Saint Elmo reportedly has an extensive vanadium resource. It has been branded by the federal government with ‘Major Project Status’ to reflect its potential as a significant national deposit of vanadium. 

    Unfortunately, though, Multicom Resources is not an ASX share, since it remains a private, unlisted company. So most investors won’t be able to buy Multicom Resources shares, at least for now. 

    But the ASX does have some other names in vanadium that are available for ASX trading. One is Neometals Ltd (ASX: NMT). Neometals owns the Barrambie Titanium and Vanadium Project in Western Australia. Barrambie is still in exploration phase, but Neometals has been granted a mining permit for the site. 

    Neometals is also part of a joint venture with the Scandinavian company Critical Metals that is currently examining the feasibility of “constructing a recycling facility to recover and process high-grade vanadium products from vanadium-bearing steel by-product in Scandinavia”.

    Another name on the ASX is Horizon Minerals Ltd (ASX: HRZ). Horizon is primarily a gold miner, but also runs a joint venture with Richmond Vanadium Technology. This joint venture covers exploration of the Richmond Vanadium Project in Queensland, which the company estimates is “one of the largest undeveloped vanadium resources in the world”.

    So although Milticom Resources is not listed on the ASX, shares like Horizon and Neometals are. 

    Vanadium is still an emerging commodity. But the excitement for its potential uses is real, so this is a space definitely worth keeping an eye on. 

    The post What exactly is vanadium and which ASX shares have exposure? appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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