CAPITAL MARKETS

Little impetus on markets today

Gold hovers, copper gains

Staff reporter

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In Australia, Syrah Resources was one of the larger stocks to lose ground, falling almost 3% but this was really a softening of last week's one-year high in the lead-up to first production of bagged saleable flake graphite from its Balama project in Mozambique.

Northern Star Resources (AU:NST) reached a fresh one-year high of $5.87 with a slight 0.17% gain.

Its Jundee team took out the overall award at the annual Mining Emergency Response Competition held in Perth over the weekend.

Global heavyweight BHP (AU:BHP) closed down less than 1% ahead of possible further strike action this week at its majority-owned Escondida copper mine in Chile.

Indefinite strike action at Southern Copper's (US:SCCO) operations in Peru has also helped boost the copper price to a one-month high.

Gold remains around US$1,290 an ounce, North American major Goldcorp (CN:G) closed down on Friday and in Australia, Newcrest Mining (AU:NCM) was also lower.

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