Underpinning much of the overall gain was the buying of ASX lithium stocks after Kidman Resources reported Tesla would be buying some of the lithium hydroxide it intends to produce from a yet to be built refinery in the southern Perth seaside suburb of Kwinana.
Cue gains of more than 8% by Galaxy Resources and 7% by Orocobre, two of the better performers among the bigger mining stocks.
For its part Kidman was up about 3% to $2.24 in late trade, capitalising it at an appropriately lucky looking $888 million.
For those that don't know the story, Kidman is indeed one extremely lucky company, having gone within a whisker of selling the lithium assets that have since brought it fame and fortune.
Among the juniors Globe Metals & Mining was up 23% after a...