CAPITAL MARKETS

Markets mixed as virus spreads

Rio flat on full-year results

Staff reporter

This article is 4 years old. Images might not display.

The global tally has reached 81,109, with 412 new cases confirmed yesterday in China and 459 elsewhere including in four new countries - Algeria, Austria, Croatia and Switzerland.

Key markets were mixed around the globe, with London's FTSE 100 managing a 0.35% gain to climb off the previous day's one-year low.

The S&P 500 closed lower but the Nasdaq gained.

Futures were similarly mixed.

Gold had dropped to around US$1,625 an ounce on the spot market earlier and had risen to about $1,641/oz at the time of writing, having neared the $1,700/oz mark earlier this week.

It was a "mixed bag for base metals" on the London Metal Exchange, Marex Spectron's Dee Perera noted, with copper and lead closing lower while zinc and nickel gained.

Among the majors, Rio Tinto (LSE: RIO) closed 0.08% lower after releasing its full-year results, including a record final ordinary dividend and a $1 billion plan to help meet new climate change targets.

In New York, gold major Newmont (NYSE: NEM) rose 0.53% as it dubbed Peñasquito "the next Boddington" for its improvement potential in a site visit presentation for the Mexican mine.

Finally, BHP (ASX: BHP) was off about 0.4% in morning trade in Australia.

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.