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Investing.com -- London-listed mining companies were among the top performers on the FTSE 100 index on Monday following the announcement of a 90-day pause in the U.S.-China tariff war.
The temporary truce led to a rise in base metal prices, which positively impacted the miners.
The companies benefiting from this surge included Glencore (OTC:GLNCY), Anglo American (JO:AGLJ), Rio Tinto (NYSE:RIO), and Antofagasta (LON:ANTO).
Shares of Glencore rose over 7% and Anglo American rose over 6%.
Rio Tinto also saw a 4.4% increase in share price, while Antofagasta shares rose by 6.7%.
The rise in share prices for these mining companies is directly correlated to the trade agreement reached between the U.S. and China.
The deal to slash reciprocal tariffs for a 90-day period led to higher base metal prices, which in turn boosted the performance of the miners.
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