RE: Sentiment returning to the mining space12 Oct 2021 02:10
"Miners buoy the Footsie
Miners are keeping the Footsie in positive territory this morning.
The FTSE 100 was up 7 points (0.1%) at 7,103, with the likes of Anglo American PLC (LSE:AAL), Rio Tinto PLC (LSE:RIO), Glencore PLC (LSE:GLEN), Antofagasta PLC (LSE:ANTO) and BHP Group PLC (LSE:BHP) each up by more than 2%.
Ferrexpo PLC (LSE:FXPO), the mid-cap iron ore pellets producer, was 3.6% firmer at 321p after it announced its inaugural decarbonisation targets.
The group has committed to achieving net-zero carbon emissions from its operations by the year 2050.
Elsewhere in the mid-cap space, XP Power Limited edged 0.2% higher to 5,010p after its third-quarter trading update.
Research house Edison said XP’s revenues and bookings for the first nine months of 2021 were ahead of its expectations, prompting a revision of its full-year earnings estimates by 2%."