UK mining companies for high registration

On Thursday, mining companies in London wore the last loss of the UK leadership FTSE 100 Index to a standard standard where investors have evaluated the effect of copper definitions by 50 % and the strongest Chinese economic data.

Anglo -American The shares were 5 % higher in the middle of the day in London, with Red River and Glencore Both are 4.5 % and Antofagasta 3 %.

The gains come amid the turmoil in the copper market, where the prices are high and A installment paid by American buyers Those who are in the rest of the world rise, after this week An unexpected advertisement The US duties will be presented 50 % on August 1 – at the end of expectations.

The news is mixed with mining giants, which have large operations in major American copper export sites such as Chile, with uncertainty about the dynamics of supply and demand very high. The high rates of prices may be useful for producers in the short term, according to the head of money and markets at Hargreaves Lansdown, Suusanah Streeter.

However, the main beneficiaries of high copper prices in the United States are the main local mining companies that sell Chicago prices for the commercial exchange (CME), According to analystsWhich was appointed to see higher revenues achieved.

The United States imports just less than half of the copper, and is widely considered to be able to increase production enough to significantly change this mixture in the short term, which leads to constant pressure on prices.

It was a difficult year so far for the mining companies listed in Europe, which witnessed the worst performance between Stoxx 600 The sectors in the first half, even as Goods have risen like gold. Stock Bad weather disrupting operations.

Meanwhile, companies are sensitive to global growth, which have been exposed this year through American definition, as well as economic signals from China thirsty resources.

Maurizio Carolly, Co -Cheviot Energy and Mining Analyst, told CNBC on Thursday that mining gains were supported by data that show a rise in sales of Chinese construction machines, a major indication of the Chinese economy.

Wednesday news that some members of the US Federal Reserve voting committee Expect the interest rate discounts to be appropriate later this year He said it’s also positive for the sector.

“Finally, there was a technical recovery to some extent after the (mining) sector showed some weakness yesterday,” Caroli added.

Dan Kotusworth, AJ Bell investment analyst, informed the market talk on a broader scale of a “possible new wave of government motivation in China”, with any support for the giant real estate sector that increases the demand for goods.

“Secondly, it is the weakest dollar, because that makes goods that are offered from the dollar cheaper for purchase in other operations,” Cotsworth told CNBC. the US dollar index On Thursday was a little less, and continues its last sensitivity Tariff updates.

On the contrary, Coatsworth said that stock markets were in a widespread mood, which ignores A large number of updates on national definitions It is largely seen as “noise, not facts.”

“Trump puts the left, right and middle numbers, and investors began to reject anything not specified in the stone … This means a shift in focusing into economic data and corporate news flow as a major driver for markets,” he said.

– Spencer Kimbal of CNBC contributed to this story