China's measures help lift markets to new highs

By Staff reporter / February 20, 2020 / www.mining-journal.com / Article Link

Futures are also looking up.

Base metals were mixed on the London Metal Exchange.

Tesla stocks were in favour again amid the prospect of a stronger balance sheet, speculation of a new partnership and a bullish broker note all likely contributing to its 6.88% gain yesterday, IG said.

"The party looks like it will keep raging," IG analyst Kyle Rodda tweeted.

Lithium stocks had soared earlier this month as Tesla shares rose above US$900 and were on the rise again yesterday, albeit not in double digits.

Albemarle (NYSE: ALB) gained 0.7%, Livent (LSE: LTHM) was up 2.5% and in Australian trade, Orocobre (ASX: ORE) was 2.7% higher at the time of writing.

Meanwhile Reuters reported yesterday Tesla was in talks to source a cobalt-free battery for its Chinese-produced vehicles.

Finally, the gold price is around a seven-year high and was last worth $1,606/oz on the spot market.

Barrick Gold shares touched C$27.85 intraday, the highest point in about four years.

Recent News

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com

Gold stocks continue to soar as markets stumble

September 29, 2025 / www.canadianminingreport.com

Gold stocks again reach new highs

September 22, 2025 / www.canadianminingreport.com

Silver outpaces major metals in recent months

September 22, 2025 / www.canadianminingreport.com

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok