The FTSE 100 is struggling to maintain its position this morning, but is at least making small gains, after it was feared a drop in the copper price to a nine-month low would hurt the profit potential of the majorUK-listed mining and commodities firms.
Antofagasta and Xstrata had led early losses on the FTSE 100 this morning, but the blue chips index is at least 32 points or 0.5% higher at 5,193, as the copper price dropped for the third day in a row in China, as there is finally concern the production rates of such global firms might finally outweigh demand. Antofagasta is now up 11p or 0.5% to464.5p having earlier dropped to 455.5p while Xstrata has pulled back 55p or 2.38% to £23.63 having earlier lost 2.9% to £22.60. The biggest gains so far have been for media firms Reuters, up 16.25p or 3.73% to 452.25p and Pearson, rising 23.5p...
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