Currently viewing Global edition

Markets await catalysts

US market futures were up, Toronto’s was down and London looked set for a positive start as tariffs, a US interest rate decision and the UK elections loom.
Markets await catalysts Markets await catalysts Markets await catalysts Markets await catalysts Markets await catalysts

Albemarle will hold an investor day on Thursday

Staff reporter

Metals and mining stocks were off 0.4% in Toronto yesterday but First Quantum Minerals (TSX: FM) jumped 4.3%, taking its year-to-date gain to 22.5%.

Thinly-traded Atex Resources (TSXV: ATX) leapt to a 52-week high after last week gaining conditional approval to acquire the Valeriano copper-gold project in Chile.

It closed up 38%, marking a rise of 176.2% so far this year.

The gold price remains around US$1,460 an ounce on the spot market, ahead of a US interest rate decision on Wednesday.

Climate change looks set to dominate the investment agenda next year and the European Union will likely commit to cutting net greenhouse gas emissions to zero by 2050, Bloomberg reported.

There was fresh energy in lithium mining equities in afternoon Australian trade.

Orocobre (ASX: ORE), Galaxy Resources (ASX: GXY) and Pilbara Minerals (ASX: PLS) were up 5.7%, 5.2% and 2.8% respectively at the time of writing.

Albermarle (NYSE: ALB) was up 0.65% yesterday as it prepares to hold an investor day in New York on Thursday.