The ASX has been up around 1% at 7,864 points.

Discretionary, Real Estate, and Financials have been the best performers, all up 1.6%.

Materials is the one and only sector in the red, down 0.5%.

Arafura Rare Earths (ASX:ARU) has been the most watched company on the HotCopper forums today. The Perth miner has entered a binding offtake agreement with Traxys Europe SA to supply up to a maximum of 300 tonnes per annum of rare earth elements over five years.

Also trending is New Murchison Gold (ASX:NMG), after the explorer’s strongly supported placement to underpin growth and expansion at its Crown Prince gold project. There have been firm commitments for as much as $16.5M from institutional and sophisticated investors at 1.3 cents per share.

And rounding out the most discussed today is Catalyst Metals (ASX:CYL) after it entered a trading halt regarding a potential asset divestment transaction.

You’re up to date — we’ll see you later for Market Close.

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