Copper gains, majors flat

By Staff reporter / February 10, 2021 / www.mining-journal.com / Article Link

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.

Recent News

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com

Mixed outlook for resources on new Canadian government

May 05, 2025 / www.canadianminingreport.com

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok