CAPITAL MARKETS

Copper falls

Majors lower

Staff reporter

This article is 6 years old. Images might not display.

The gold price has also continued to head lower, dropping below US$1,240 an ounce on the spot market earlier as the US dollar holds strong.

The S&P500 closed up although copper major Freeport-McMoRan (NYSE:FCX) closed down 0.58%.

Toronto was closed for the Canada Day public holiday yesterday and the US is gearing up for its Independence Day celebrations tomorrow.

European indices were lower yesterday and in London, Rio Tinto (LSE: RIO) ended the day down 3.23% and Glencore (LSE: GLEN) lost 3.5%.

In Australia, miners Iluka Resources (ASX: ILU) and Western Areas (ASX: WSA) were among the larger capitalised stocks posting the biggest falls on the benchmark S&P/ASX200 in afternoon trade.

Mineral sands miner Iluka was down more than 4% at the time of writing and nickel miner Western Areas followed the base metal price lower, down more than 3%.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.