Improved data out of China offers hope on markets

By Staff reporter / April 01, 2020 / www.mining-journal.com / Article Link

"Copper jumped, while the other LME metals were a mixed bag on Tuesday, after Chinese manufacturing activity recovered sharply in March," Marex Spectron's Anna Stablum said from the LME desk (Singapore).

However, she said some analysts believed the worst was yet to come as the survey only asked how business compared to the previous month, which showed the deepest contraction since at least 2005.

More manufacturing data out of China is expected today.

The spot gold price has fallen below US$1,600 an ounce again to $1,581/oz earlier.

Metals and mining stocks gained in Toronto yesterday, where the S&P/TSX Composite Index closed up 2.6%.

Australia-based, Ecuador-focused explorer SolGold (TSX: SOLG) saw its Toronto-listed shares jump 51% on no news and little volume.

British company Condor Gold (TSX: COG), which is looking to build its La India mine in Nicaragua, headed in the opposite direction, closing down 16.7% in Toronto, also on no news and small volume.

Finally, gold major Newmont (NYSE: NEM) lost 2.3% in New York, which has become the epicentre of the COVID-19 pandemic with more cases than China's Hubei province, Bloomberg reported.

Recent News

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

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
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok