4
London-listed mining companies were among the top performers on the FTSE 100 index on Monday, following news of a 90-day pause in the U.S.-China tariff dispute.
The temporary truce caused base metal prices to rise, benefiting mining firms.
Advertisements
Major companies like Glencore, Anglo American, Rio Tinto, and Antofagasta saw significant gains. Glencore’s shares increased by over 7%, while Anglo American rose by more than 6%. Rio Tinto experienced a 4.4% boost in its stock price, and Antofagasta’s shares climbed by 6.7%.
Advertisements
This surge in share prices is directly linked to the trade deal, which cuts reciprocal tariffs for the next three months, driving up base metal prices and enhancing the performance of these mining firms.
Advertisements
Advertisements
Related topics:
Advertisements
