CAPITAL MARKETS

Gold, markets up

Mining majors, lithium equities gain

Staff reporter

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

Trump noted the stock market jump and has since returned to the White House, tweeting he would be back on the campaign trail soon and "will win" the presidential election set for early November.

However some analysts have said a clean sweep by rival Democrats could bring the prospect of a big support plan for the economy and be a positive for stocks.

The Australian government is announcing economic support in its budget to be handed down today.

The gold price has meanwhile risen firmly above US$1,900 an ounce, to $1,913/oz on the spot market.

Lithium stocks are continuing to see support following Tesla's plans outlined last week to build a lithium hydroxide refinery in Texas. 

Developer Lithium Americas (TSX: LAC) hit a one-year high intraday before closing up 7.4% and junior Vision Lithium (TSXV: VLI) jumped 125%, both on no news.

Embattled molybdenum hopeful General Moly (TSX: GMO) regained a little of the ground lost the previous day, up 37.5%, having tumbled almost 70% on news of a looming NYSE American delisting. 

Finally among the majors, Barrick Gold gained 1.4% in Toronto, Glencore rose 1.2% in London and BHP was up slightly in morning Australian trade.

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

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

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.