Commodity metal prices continued to climb today, to the benefit of mining stocks and the FTSE 100 index as a result.
The UK’s benchmark index closed the day up 12 points or 0.2% to 5374.5, led by mining companies BHP Billiton and Rio Tinto as both firms mine copper, and this precious commodity has seen its spot value rise for a sixth straight session. BHP Billiton earned 14.5p or 1.8% to 840p and Rio Tinto rose 50p or 2.2%, to £22.84 while mining rivals Antofagasta and Xstrata gained on the back of it, adding 41p to £15.05 and 36p to £14.30 respectively. BP, the largest oil company in Europe, rose 9p or 1.5% to 631p as it is expected the price of oil will now rebound on increased demand. Marks &...
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