Industrial metal miners rise on bumper Chinese factory data

Canada Nickel

01/03/2023 16:36

** Shares of copper and other industrial metal miners rise
on China's strong manufacturing activity in February
    ** Prices of industrial metals also lifted by a 0.5% fall in
the dollar index  .DXY  
    ** Benchmark copper  CMCU3  on the London Metal Exchange
(LME) up 1.3% in official ring trading
    ** Shares of copper miners First Quantum Minerals Ltd
 FM.TO , Southern Copper Corp  SCCO.N , Freeport-McMoran Inc
 FCX.N  and Hudbay Minerals Inc  HBM.TO  gain 3.6%-7.3%
    ** LME aluminum  CMAL3  up 1.4%, helping aluminum miners
such as Arconic Corp  ARNC.N , Century Aluminum Co  CENX.O  and
Alcoa Corp  AA.N  gain between 1.1% and 7.6%
    ** Price of nickel  CMNI3  climbs 1.6%, driving nickel
miners such as Canada Nickel  CNC.V , Talon Metals  TLO.TO ,
Haynes International  HAYN.O  and Vale SA  VALE.N  up 1.8%-4.9%
    ** U.S.-listed shares of Australian metal-mining giants Rio
Tinto  RIO.N   RIO.AX  and BHP Group Ltd  BHP.N   BHP.AX  each
rise more than 4%
    ** Prices of other industrial metals such as zinc  CMZN3 ,
lead  CMPB3  and tin  CMSN3  also rise 2.2%, 1.4% and 3.6%,
respectively

 (Reporting by Arshreet Singh in Bengaluru)