Downbeat start for markets

By Staff reporter / September 07, 2020 / www.mining-journal.com / Article Link

US markets had closed lower on Friday as tech stocks continued to slide.

In the UK, the British government is reportedly planning legislation to override key parts of the Brexit withdrawal agreement, ahead of an October 15 deadline to strike a free-trade agreement with the European Union.

The gold price was up slightly on the spot market to about US$1,938 an ounce at the time of writing.

Copper had gained 2.36% on the London Metal Exchange.

PolyMet Mining (NYSE American: PLM) was one of the bigger market risers on Friday.

The company, 72% owned by Glencore, closed up 63.57% after a court found the water permit for its proposed NorthMet project in Minnesota had been issued with proper procedures.

Finally among the majors, Anglo American gained 3.6% in London on Friday and both Glencore and Antofagasta closed up about 2.8%.

Newmont lost 1.2% in New York, while BHP was up about 1% in morning Australian trade.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok