Connect with us

Hi, what are you looking for?

Bnreport Business News Report

Finance

Miners boost the FTSE as copper prices rise

Mining companies rose to the top of the UK's two bigges..

Mining companies rose to the top of the UK’s two biggest stock indices this morning, boosted by rising London copper prices.

Antofagasta, Anglo American and Rio Tinto led the pack on the FTSE 100, with shares up between two and three per cent this morning as copper prices were on track for their fourth weekly gain.

“Commodity stocks are helping boost the FTSE this morning, with Antofagasta leading the way after copper prices jumped to the highest level in over three years,” said Joshua Mahony, market analyst at IG.

Shares in Glencore and BHP Billiton were also on the rise.

On the FTSE 250, iron ore miner Ferrexpo, copper producer Kaz Minerals and steelmaker Evraz were among the top risers.

“The focus this week has been on China, which has seen strong construction and that’s led to higher demand for commodities,” said Rachel Winter, senior investment manager at Killik & Co, according to Reuters.

Read more: Oil rout makes Goldman Sachs review commodities division

Let’s block ads! (Why?)

Original Article

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

%d bloggers like this: