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Markets mixed, Diggers upbeat

Key market futures are mixed as Europe eyes more COVID-19 restrictions, China prepares to test Qingdao’s nine million residents in five days for the virus and US stimulus talks stutter.
Markets mixed, Diggers upbeat Markets mixed, Diggers upbeat Markets mixed, Diggers upbeat Markets mixed, Diggers upbeat Markets mixed, Diggers upbeat

The Diggers and Dealers mining forum is underway in Kalgoorlie, Western Australia

Staff reporter

Toronto was closed for Thanksgiving yesterday.

Meanwhile the mood is upbeat at the annual Diggers and Dealers mining forum in Kalgoorlie, Western Australia, which was moved from August to October due to COVID-19 uncertainties.

Day one presenters yesterday included Northern Star Resources (ASX: NST) and Saracen Mineral Holdings (ASX: SAR), whose merger is set to create a top 15 global gold producer.

Both equities were up slightly at the time of writing, towards the top of their one-year ranges.

Spot gold was earlier above US$1,930 an ounce but around $1,918/oz at the time of writing.

Copper closed slightly lower on the London Metal Exchange to $6,728 per tonne despite strike action simmering in Chile.

In other commodity news, China has reportedly ordered some steelmakers to stop buying Australian coal.

Among the mining majors, Rio Tinto closed down 1.48% in London.

Newmont gained just 0.18% in New York.

Finally, BHP was up slightly in morning Australian trade.