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Highlights
- Australian shares are expected to strengthen after Wall Street ended its losing streak.
- Copper, gold and semiconductor stocks rebounded, lifting sentiment across global markets.
- Wesfarmers approved the next expansion stage of the Mt Holland lithium project.
Australia's share market is set for a stronger start after a positive lead from Wall Street improved global risk sentiment. Resource and technology-linked sectors are likely to attract attention following a rebound in copper, gold and semiconductor shares, while Wesfarmers (ASX:WES) remains in focus after advancing its lithium growth strategy. The broader mood across the ASX 200 reflects renewed optimism despite ongoing geopolitical tensions and elevated energy prices.
Wall Street Recovery Supports Global Sentiment
Major US indices finished higher as semiconductor companies led a broad-based recovery. Strong corporate earnings from large industrial companies also encouraged buying interest, helping markets recover after several weaker sessions.
Technology-related sectors regained momentum, while gains spread across several industries, improving confidence ahead of the Australian trading session.
Copper Rally Puts Miners Back in Focus
Copper prices strengthened sharply as tighter global supply and stronger demand expectations supported the market. The move has placed Australia's Metal & Mining Stocks back in focus, particularly diversified miners and copper producers.
Local companies such as BHP Group (ASX:BHP), Sandfire Resources (ASX:SFR) and Capstone Copper (ASX:CSC) could continue attracting attention as stronger copper prices improve sentiment across the resources sector.
Gold And Energy Stay In The Spotlight
Gold also advanced as geopolitical uncertainty encouraged demand for defensive assets. At the same time, rising oil prices remained a key theme following escalating tensions in the Middle East, supporting Australia's Energy Stocks while also keeping inflation concerns in focus.
Higher energy costs may continue influencing market expectations across transport, manufacturing and consumer-facing industries.
Lithium Expansion Draws Attention
Wesfarmers announced further expansion of the Mt Holland lithium project through its joint venture, reinforcing confidence in Australia's long-term lithium supply chain. The development also highlights continued activity across Lithium Stocks despite ongoing volatility in broader commodity markets.
Elsewhere, Argosy Minerals (ASX:AGY) reported progress at its Rincon lithium project, while KMD Brands (ASX:KMD) released updated trading guidance and outlined plans to streamline operations.
What Could Drive Today's ASX Session?
Australian shares are expected to take direction from stronger overseas equity markets, improving commodity prices and renewed strength in semiconductor stocks. However, geopolitical developments, trade policy announcements and energy market movements are likely to remain important drivers of sentiment throughout the session.
