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MTS - ArcelorMittal SA News Story

€24.88 0.3  1.3%

Last Trade - 4:35pm

Sector
Basic Materials
Size
Large Cap
Market Cap £22.58bn
Enterprise Value £28.22bn
Revenue £39.16bn
Position in Universe 14th / 725

BUZZ-European miners: Hit fresh 10-yr high on soaring commodity prices

Mon 10th May, 2021 9:02am
**  Miners are the biggest raisers on the pan-European STOXX
600 index  .STOXX , as metals prices soar on strong demand amid
tightening supply
    ** The STOXX basic resources index  .SXPP  rise 2.6%;
biggest raises include KGHM  KGH.WA , Rio Tinto  RIO.L , BHP
Billiton  BHPB.L  and ArcelorMittal  MT.AS  which are up between
2.2%-3.9%
    ** The sub-index gains on the back of surging iron ore
prices as strong Chinese demand for the steelmaking ingredient
pushed spot prices to the highest-ever level  urn:newsml:reuters.com:*:nL4N2MX0OQ
    ** Copper prices have also touched record highs on Monday on
hopes for improved demand amid tightening supply
    ** Gold prices are on the rise too and trade near a
three-month peak hit last week after an unexpected fall in April
U.S. jobs growth supported hopes that interest rates will remain
low, driving bullion demand  urn:newsml:reuters.com:*:nL4N2MX0T4
    ** .SXPP, which is up 29% this year, hits its highest level
since Feb 2011

 ((pawel.goraj@tr.com))
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