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Stronger metals prices overnight, likely due to rumours of a rescue package for the Chinese stocks, helped resources to a welcome gain.

The S&P/ASX 200 chalked up a welcome third day of gains to take it to within 1.6% of its all time highs.

Lithium stocks were spooked by a disappointing Liontown update, price target cuts at a major broker, and falling lithium futures prices.

4 days down, 1 day up. What a week! Who are we to complain about today's 75 point gain which erased roughly half of the week's losses? TGIF!