Mining stocks climb as copper trades near decade high

Mining stocks climb as copper trades near decade high
Mining shares jumped on Thursday, getting a lift as copper futures rallied while broader European stock markets struggled for direction.

Rio Tinto RIO, 2.29% shares rose 4%, as other miners including KGHM Polska Miedz KGH, +1.40%, BHP Group BHP, 2.19%, and Antofagasta ANTO, 7.52%gained, with copper futures HG00, 4.18% surging nearly 4%. The copper contract on the London Metal Exchange touched its highest level since April 2012.

The broader Stoxx Europe 600 SXXP, 0.56% wobbled between gains and losses, losing 0.1% in midmorning trade after two days of declines. Stocks are beginning to struggle, with the yield on the benchmark U.S. 10-year Treasury rising on hopes the global economy will reflate.

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
© 2016 - 2021 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer