European mining stocks rally on China's border reopening

Boliden AB

09/01/2023 11:22

** Miners headline a rally in Europe's commodity-linked
stocks as China's border reopening raises hopes for a rebound in
the world's second-largest economy
    ** The upbeat market momentum continued on Monday after
China reopened its borders that were shut since the start of the
pandemic, bolstering the outlook for the global economy
    ** The pan-European basic resources index  .SXPP  rises
1.5%, led by Polish miner KGHM  KGH.WA  with a 5.8% jump and
Sweden's Boliden  BOL.ST  that is up 4.7% at 1100 GMT
    ** Britain's exporter-heavy FTSE 100  .FTSE  hits an over
three-year high, with mining groups Anglo American  AAL.L ,
Glencore  GLEN.L  and Rio Tinto  RIO.L  up between 0.2% and 2.1%
    ** French miner Eramet  ERMT.PA , not included in the SXPP
index, tops France's large- and mid-cap index SBF 120  .SBF120 
with a 5.1% rise
 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))