ASX200 Rises as Mining Stocks Shine: Liontown, Nickel Industries, and Pilbara in Focus

June 24, 2025 11:53 AM AEST | By Team Kalkine Media

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ASX200 Rises as Mining Stocks Shine: Liontown, Nickel Industries, and Pilbara in Focus — Image source: shutterstock

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Highlights

ASX200 lifts nearly 1% amid global ceasefire optimism

Liontown Resources tops gainers with strong early session performance

Nickel and lithium players post solid upticks

The Australian share market opened on a positive note this morning (24 June), with the ASX200 index advancing by 87.10 points or close to 1%. The momentum was largely fueled by strength in mining and resources, particularly in lithium and nickel producers.

A key contributor to this uplift was Liontown Resources (ASX:LTR), which surged by 5.3% during early trade around 10:50 am AEST. The company, backed by prominent business figures, has consistently attracted investor attention in the battery metals space, particularly for its Kathleen Valley lithium project.

The broader market sentiment was buoyed by the news of a ceasefire between Iran and Israel, which eased geopolitical tensions and encouraged risk-on sentiment across Asian markets. The positive tone helped lift several commodity-linked stocks, which often respond quickly to macroeconomic and geopolitical shifts.

Nickel Industries (ASX:NIC) also posted notable gains, rising 4.32% to $0.725. With a market capitalisation of over $3 billion, this company plays a significant role in the supply chain for nickel, an essential component in stainless steel and electric vehicle batteries. Its performance today reflects the growing demand expectations in the energy transition space.

Adding to the strong mining momentum, Pilbara Minerals (ASX:PLS)—a key lithium player—registered a 4.15% increase, taking its share price to $1.25. This move came after a change in director’s interest announcement, which likely reinforced market confidence in the company’s strategic direction and leadership alignment.

The ASX200 index, a benchmark comprising the top 200 companies listed on the ASX by float-adjusted market capitalisation, is widely recognised as a key indicator of market performance and institutional sentiment. It accounts for about 80% of Australia’s equity market, making movements within it highly significant for both local and global market watchers.

Today's upswing reflects not just strong performances from individual stocks but also broader market resilience and optimism, particularly within the commodities sector. With mining companies holding steady influence within the ASX200, their movements often signal deeper shifts in sectoral momentum and investment appetite.

As trading continues, investor attention will remain focused on developments in the commodities space and any further geopolitical cues that could influence global market dynamics.

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