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ASX 200 shares in this sector pushing into record highs on Friday

ASX 200 shares in the resources sector are posting record highs across the board.
The post ASX 200 shares in this sector pushing into record highs on Friday appeared first on The Motley Fool Australia. –

Many ASX 200 shares in the resources sector are looking at record finishes on Friday.

This is despite a flat performance from the broader S&P/ASX 200 Index (ASX: XJO), which is down 0.05% to 7,413.60 at the time of writing.

ASX 200 shares making record highs

Iron ore

Despite news that iron ore prices have tumbled to below US$200/tonne overnight, many ASX 200 iron ore miners continue to push higher on Friday.

The BHP Group Ltd (ASX: BHP) share price hit an all-time high of $54.55 this morning and is currently trading 1.24% higher to $53.98.

Similarly, the Rio Tinto Limited (ASX: RIO) share price is 1.14% higher to $135.62 after hitting a record high of $137.33 on Thursday.

Higher grade iron ore producer Champion Iron Ltd (ASX: CIA) also finds itself in record territory, adding 1.72% to $7.67 on Friday.

Australia’s 5th largest iron ore producer Mineral Resources Limited (ASX: MIN) is on track to have hit a new record high every week, for the past 8 weeks.

The Mineral Resources share price hit an intraday record high of $65.38 and is currently up 1.07% to $64.10.

Lithium

ASX 200 shares in the lithium sector are surging across the board following a record close for the Global X Lithium & Battery Tech Exchange Traded Fund overnight.

The global lithium ETF invests in the full lithium cycle, from explorers and miners through to battery production and automakers.

The Galaxy Resources Limited (ASX: GXY) could be in for a record close after surging 6.44% to $4.79. Its shares have rallied more than 100% year-to-date.

Similarly, Orocobre Limited (ASX: ORE) is also eyeing a record close, adding 5.39% to $8.41.

IGO Ltd (ASX: IGO) is a diversified miner focused on the production of battery and renewable related metals including copper, nickel, cobalt and lithium.

The IGO share price is another record setting ASX 200 share, lifting 3.62% to $9.31.

The post ASX 200 shares in this sector pushing into record highs on Friday appeared first on The Motley Fool Australia.

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More reading

Why the BHP (ASX:BHP) share price just hit a new all-time high this Friday
Why Janus Henderson, Mineral Resources, Telix, & Western Areas are rising

ASX lithium shares are surging this Friday. Here’s why.

ASX 200 midday update: NAB’s $2.5bn buyback, Origin shares sink

Mineral Resources (ASX:MIN) share price hits another record high after quarterly update

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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