Materials stocks advanced 0.2%, the only sector trading in the green, at the midpoint of a shortened trading session on Wednesday.

Copper prices jumped past $12,000 per tonne for the first time and gold hit a fresh record.

Kingsgate Consolidated (ASX:KCN) entered a definitive documentation for a $25 million conditional standby loan facility with Nebari. Under the deal, the company will be able to initially withdraw a minimum of $10 million from the facility, and can progressively draw down over the next year.

On the flip side, the information technology sector fell past 1%, leading broad-based losses. All three major indices on Wall Street closed higher after the US economy grew at an inflation-adjusted annualized rate of 4.3%, the fastest pace in two years.

Credit Clear (ASX: CCR) confirmed that the completion of its ARC Europe acquisition is expected to occur on or around Jan. 1, 2026. The deal secured approval from the UK Financial Conduct Authority.