ANZ Bank: London mining stocks fell, impacted by price declines.

Affected by the decline in metal prices, London mining stocks fell in early trading. Analysts at ANZ Bank wrote that the market sentiment was suppressed by the strengthening of the US dollar, causing gold prices to not hold above the key level of $5,000 per ounce. In the New York market, gold futures fell by 2% to $4,945.50 per ounce. Meanwhile, silver futures fell by 3.8% to $75.03 per ounce. Three-month copper futures on the London Metal Exchange fell by 0.6% to $12,775.50 per ton. These ANZ Bank analysts stated that demand is weakening as prices rise. Chilean copper miner Antofagasta, which reported its annual performance on Tuesday, fell by 3.8%. Meanwhile, precious metals miner Hochschild Mining fell by 4.2%, and competitor Fresnillo dropped nearly 2%. Anglo American Resources Group fell by 1%, and Glencore fell by 0.7%.