CAPITAL MARKETS

Copper gains

Away from the Brexit resignations embroiling Britain, copper miner Antofagasta (LSE: ANTO) was one of the key risers on London’s FTSE100 index yesterday as the red metal price improved.

Staff reporter
 Antofagasta, majors rise

Antofagasta, majors rise

The producer closed up 3.39% and Rio Tinto (LSE: RIO) was up 2.21%.

Copper closed up for the first time in six sessions on the London Metal Exchange, at US$6,390 per tonne as concerns over trade tensions eased.

In Australia, BHP (ASX: BHP) was up 1.2% in afternoon trade as it returned close to 52-week high territory.

Yesterday's top mover on the S&P/ASX200, Pilbara Minerals (ASX: PLS), continued to rise as it ramps up lithium production at Pilgangoora, up more than 4% at the time of writing.

In Toronto, metals and mining stocks were up around 2.7% yesterday.

Barrick Gold (TSX: ABX) was off 0.46% as the gold price hovered just below US$1,259 an ounce.

One of the bigger risers was gold miner Pretium Resources (TSX: PVG), up almost 15% as it achieved steady state production at its Brucejack mine.   

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