1025 GMT - London-listed miners are seeing their shares boosted by rising base-metal prices, AJ Bell's investment director Russ Mould writes. The share price gains are propping up the resource-heavy FTSE-100 index, which has broken records in recent days, he writes. Copper, aluminium, lead, zinc and tin are all trading higher on the weak dollar. Given metals are priced in dollars, a decline in the greenback makes commodities cheaper for buyers holding other currencies, he writes. Antofagasta shares trade up 3.93% to 1,798.00 pence, Glencore's rise 2.5% to 382.95 pence, Rio Tinto's London-listed shares climb 1.9% to 5,041.00 pence while Anglo American's edge up 1.84% at 2,595.00 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 24, 2025 05:27 ET (10:27 GMT)
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