CAPITAL MARKETS

Mixed appetite for miners

Lithium stocks gained in Australian trade

Staff reporter
Lithium stocks gained in Australian trade

Lithium stocks gained in Australian trade

In Australian trade today, lithium companies Galaxy Resources (AU:GXY) and Pilbara Minerals (AU:PLS) were the among the bigger gainers of larger capitalised stocks on the S&P/ASX200, up about 3.5% and 1.7% respectively on no news.

However the overall metals and mining sector finished down 1.28% and BHP (AU:BHP) closed more than 0.8% lower.

The copper sector was the big winner on the S&P/TSX Composite Index yesterday, up more than 3% as the metals and mining sector rose 1.6% overall.

The index's gold division was up 1.44% with one of the stronger moves by Centerra Gold (CN:CG), rising 5.06%.

Both Tahoe Resources (CN:THO) and Barrick Gold (CN:ABX) enjoyed gains of about 3%.

The US saw a more muted gain of 0.74% for the S&P500's metals and mining division yesterday with relatively even gains across the sectors.

London's FTSE100 metals and mining sector closed 0.19% lower with Rio Tinto (LN:RIO) down 0.35%.

Finally, Japan's metals and mining division was also lower intraday with diversified Sumitomo Metal Mining Co (JP:5713) down about 1.7%.

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