Lates News

London mining stocks opened higher as oil prices retreated. Despite a slight decline in gold prices, mining stocks still posted gains, with traders assessing the inflation outlook. Mining companies are among the world's largest consumers of diesel, and rising oil prices drive up mining costs and erode profit margins. Oil prices are falling as diplomatic efforts to end the Middle East conflict intensify. Anglo American rose 2.1%, BHP gained 1.5%, Rio Tinto added 1%, and copper miner Antofagasta climbed 2.3%.