The few mining stocks on the S&P500 were part of the rally, with Freeport-McMoRan (NYSE: FCX) rising 6.49%.
London's key index closed lower yesterday, but metals and mining stocks were up 0.76%, and futures are pointing to a positive start today.
Metals and mining stocks on the S&P/TSX Composite Index were up about 3% yesterday.
Diversified miners Teck Resources TSX: TECK.B), Turquoise Hill Resources (TSX: TRQ) and Ivanhoe Mines (TSX: IVN) all gained more than 5%.
Dual-listed Atalaya Mining (TSX: AYM) rose about 30% in Toronto yesterday, a week after announcing higher profits on the back of record quarterly production.
Base metal futures were mainly higher in Asian trade this afternoon, with lead leading the way, up 0.75% at the time of writing.
The gold price has recovered from yesterday's US$10 an ounce drop and is trading at $1,225/oz on the spot market.
Metals and mining stocks were also up in late Australian trade.
Lithium producer Orocobre (ASX: ORE) was 5.8% higher at the time of writing, having announced its joint venture had given the go-ahead for stage two expansion of the Olaroz lithium facility in Argentina.
