Metal prices are rising, London mining stocks are on the rise.
Sina Finance reported on March 31st that with metal prices slightly rising, London mining stocks have increased in early trading. Copper miner Antofagasta led the FTSE 100 index with a 3.2% increase, making it the biggest gainer in the index. At the same time, precious metal miners Fresnillo, Hochschild Mining, and Endeavour Mining all rose by around 2.45%. Commodity giant Glencore rose by 1.5%, while diversified mining companies Anglo American and Rio Tinto rose by 1.3% and 2.3% respectively. During this stock rise, gold prices increased by 0.8% to $4,594.80 per ounce, while silver prices rose by 3.8% to $73.25 per ounce. Meanwhile, due to a possible supply disruption from an attack on a smelter in the Gulf region, aluminum prices are expected to achieve a monthly increase of over 10%. The three-month aluminum futures price on the London Metal Exchange rose by 2.5% to $3,487.50 per ton.
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