Lithium stocks carried the Australian sharemarket to a four-month high on Tuesday and within striking distance of a record high,P/ASX 200 Index rallied 145.2 points, or 2 per cent, to 7589.8. That’s just shy of its 2021 record closing level of 7628.9 achieved on August 13, and the second-highest finish in its history.Pilbara Minerals jumped 10 per cent to $3.52, Lynas Rare Earths firmed 8.5 per cent to $11.03, Paladin Energy climbed 7.4 per cent to 94.5¢, and Allkem rose 7.
GreenTech is an exploration and development company established to discover, develop and acquire projects containing minerals and metals used in the battery storage and electric vehicle sectors markets. The company currently owns projects focused on unexplored nickel, copper and cobalt in the West Pilbara and Fraser Range provinces., or 17 per cent on a total return basis which includes the value of dividends received.Macquarie Group hit a record high of $211.73, and closed up 2.
Iron ore traded in the spot market recorded a small rise to $US122.26 per tonne on Monday, according to Fastmarkets MB. BHP Group put on 2.1 per cent to $42.38, but Rio Tinto fell 0.4 per cent to $99.69.Pacific Current Group shares rose 1.9 per cent to $7.45 after it agreed to buy 35 per cent of private equity real estate manager Banner Oak Capital Partners bringing with it $US5.7 billion of assets for $US35 million initially, or up to $US40 million depending on performance.