Evening Wrap: ASX 200 slips on miners, lithium blood bath, uranium soars on US supply plans

The ASX 200 gave back most of yesterday’s gains as sharp falls in key base metals like iron ore and copper undermined the Materials sector.

Elsewhere, lithium stocks were almost unanimously dumped following a report AI is potentially about to solve the battery efficiency case. It seems a souped-up Commodore 64 thinks it can reduce lithium usage by up to 70%.

It wasn’t all doom and gloom, though. Uranium stocks went into melt-up on news the US Department of Energy (DOE) intends to bolster its supply chain for enriched uranium. A busy day indeed!

Let’s dive in. Markets ASX 200 Session Chart S&P ASX 200 (XJO) Intraday Chart 10 Jan 2024 Down, down. Prices are down �The S&P/ASX200 ( XJO ) finished 52.0 points lower at 7,468.5 , 0.7% from its session high and smack-bang on its session low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners […]

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