Pessimism overshadows positivity on markets

By Staff reporter / November 19, 2019 / www.mining-journal.com / Article Link

The FTSE100 closed higher in London and Australasian markets were mixed yesterday, as were market futures.

IG market analyst Kyle Rodda noted there was growing confidence of a "smooth Brexit" in the UK and hopes for further economic stimulus after a move by the People's Bank of China to boost liquidity in the country's financial system, however the positivity was "washed out" by the pessimism.

Meanwhile Canada-based, copper-focused Taseko Mines (TSX: TKO) expects to debut on the London Stock Exchange on November 22 as it seeks greater exposure to UK and European-based generalist investors.

President Stuart McDonald said the listing would also supplement the trading of its shares on both the Toronto and New York stock exchanges.

Its Toronto-quoted equity was down 3.4% yesterday to C56c, near a 52-week low of 50c.

Base metals including copper were lower across the board on the London Metal Exchange yesterday.

Finally, gold is about US$3 an ounce higher than at this time yesterday, above $1,470/oz on the spot market.

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