ASX 200 lithium shares get busy amid dire supply call
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The All Ordinaries Index (ASX: XAO) is leaping one.6% higher on Wednesday, and plenty of shares are making the near of it. In fact, ii have taken off to trade at their highest points in years.
Let's accept a closer wait at what'southward driving these ASX All Ords shares to long-forgotten heights today.
ii ASX All Ords shares smashing multi-yr highs
Silex Systems Ltd (ASX: SLX)
The share toll of Aussie tech company Silex Systems striking a nine-year high on Wednesday, leaping to $3.36 in intraday trade.
That represents a 12% gain and came on the back of news of a milestone for the visitor'due south Cipher-Spin Silicon projection.
A stage iii sit-in plant has been constructed to verify the commercial product capability for the quantum calculating material.
The product technology for the silicon is based on a variant of the visitor'south Silex laser isotope separation platform technology.
Silex Solutions expects to brainstorm selling small amounts of Nix-Spin Silicon next year.
Whitehaven Coal Ltd (ASX: WHC)
It might non come as any surprise, then, that coal prices lifted once more than overnight. Thermal coal futures rose 0.9% to reach United states$399.65 in Tuesday trade.
The Whitehaven Coal share price has been on a tear in 2022, gaining 130% year to date. Meanwhile, the black rock'south value has surged among sanctions on Russian commodities resulting from the nation'south invasion of Ukraine.
The ASX All Ords coal producer appear earlier this week it expects to study $three billion of earnings for fiscal twelvemonth 2022. For comparison, the visitor brought in $200 one thousand thousand in earnings final financial year.
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Source: https://www.fool.com.au/2022/07/20/rocks-and-lasers-2-asx-all-ords-shares-securing-new-multi-year-highs-on-wednesday/
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