RE: teccc7 Mar 2022 09:08
In London, Russian-linked miners Evraz and Polymetal International surged 50% and 49%, respectively, as the pair avoided any sanction from the London Stock Exchange Group, allowing bargain hunters to swoop in. Both Evraz and Polymetal remain down 40% and 29% in the past five days.
Fellow miners were keeping the losses in the FTSE 100 in check, with Anglo American up 5.8%, Frensillo 5.1%, Glencore 4.2%, Antofagasta 3.0% and Rio Tino 3.1%.
Gold stood at USD1,996.30 an ounce early Monday, up 1.8% from USD1,961.27 late Friday. Aluminium and copper prices set record highs on Monday. Aluminium reached USD4,026.50, the first time the lightweight metal had breached USD4,000 per tonne. Copper's new record stood at USD10,845 per tonne.
Commodities have been red hot since Russia's assault on its neighbour. Nickel prices have rocketed by more than 25%.