Large-cap miners pace gains
Shares in large-cap mining groups paced gains on the top flight index after one of their number closed the sale of two of its Brazilian businesses, a possible indication that the rally in commodity prices had opened at least a window of opportunity to divest some of their assets.
London-based Anglo American on Thursday announced that China Molybdenum had put up a greater-than-expected $1,500m (£1,027m) for its niobium and phosphates units in South America´s largest economy, two of its most profitable non-core assets.
Anglo American
2,433.50p
17:15 04/07/24
FTSE 100
8,241.26
16:54 04/07/24
FTSE 350
4,542.39
16:44 04/07/24
FTSE All-Share
4,497.97
16:54 04/07/24
Glencore
480.80p
16:50 04/07/24
Mining
10,794.06
16:44 04/07/24
Rio Tinto
5,359.00p
16:49 04/07/24
London-based Anglo American on Thursday announced that China Molybdenum had put up a greater-than-expected $1,500m (£1,027m) for its niobium and phosphates units in South America´s largest economy, two of its most profitable non-core assets.