Tesla tops US$1 trillion

By Staff reporter / October 26, 2021 / www.mining-journal.com / Article Link

Lithium producer Orocobre (ASX: ORE) was up about 4% in morning Australian trade.

Gold, often used as a hedge against inflation, has risen above US$1,800 an ounce on the spot market as talk continues about inflationary pressures in the US.

Copper, aluminium and nickel advanced on Monday as China urged local governments to speed up bond issuances, often used for infrastructure projects, to meet this year's targets, Marex's Anna Stablum said from the LME Desk (Singapore).

"In addition, China Evergrande Group resumed work on more than 10 projects after the developer managed to avoid a default last week," she said.

Spot copper rose 2% to close above $10,000 per tonne on the London Metal Exchange, to $10,070.75/t.

Nickel rose 3.2% to $20,495/t, while aluminium was up 0.34%.

Mining majors were on the rise in London, where Antofagasta rose 3% and both Rio Tinto and Anglo American gained 2%.

Finally in Toronto, Silver Elephant Mining (TSX: ELEF) shot up 33.3% to C40c after raising more than $1 million in the second tranche of a placement priced at 22c per share on Friday.

Recent News

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com

Gold stocks gain on metal rise and continued equities rebound

August 26, 2024 / www.canadianminingreport.com

Big Gold stocks outperform Big Base Metals

August 19, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok