CAPITAL MARKETS

Copper gains, majors flat

Continuing stimulus hopes

Staff reporter
 European Central Bank president Christine Lagarde addressing European parliament

European Central Bank president Christine Lagarde addressing European parliament

Favourable financing conditions were crucial to put the economic recovery on a self-sustaining trajectory, European Central Bank president Christine Lagarde told European parliament yesterday.

Copper closed up more than 1.3% on the London Metal Exchange to US$8,157.75 per tonne.

Gold was worth almost $1,838 an ounce on the spot market.

Silver remains above $27/oz, about $3 shy of last week's eight-year high caused by the GameStop-inspired retail investor frenzy.

Copper major Freeport-McMoRan closed down 0.3% in New York, within 50c of a one-year high.

Barrick Gold closed down a similar amount in Toronto.

In South Africa, AngloGold Ashanti rose just 0.12% despite its forecast of annual earnings to almost triple.

In London, Glencore closed down 0.47% and finally in Australia, BHP was up almost 1% in morning 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

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.