CAPITAL MARKETS

Copper gains, majors flat

Continuing stimulus hopes

Staff reporter

This article is 4 years old. Images might not display.

Favourable financing conditions were crucial to put the economic recovery on a self-sustaining trajectory, European Central Bank president Christine Lagarde told European parliament yesterday.

Copper closed up more than 1.3% on the London Metal Exchange to US$8,157.75 per tonne.

Gold was worth almost $1,838 an ounce on the spot market.

Silver remains above $27/oz, about $3 shy of last week's eight-year high caused by the GameStop-inspired retail investor frenzy.

Copper major Freeport-McMoRan closed down 0.3% in New York, within 50c of a one-year high.

Barrick Gold closed down a similar amount in Toronto.

In South Africa, AngloGold Ashanti rose just 0.12% despite its forecast of annual earnings to almost triple.

In London, Glencore closed down 0.47% and finally in Australia, BHP was up almost 1% in morning trade.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.