ALUA Aluar Aluminio Argentino

[jose enrique]

¿+1
Angela Barnes
Angela Barnes·Reporter
June 12, 2023
In this article:

EDV.L
-1.84%


EDVMF
-1.29%


FNLPF
-4.99%


ANFGF
-1.59%


AAUKF
-3.61%


NGLOY
-4.01%


RIO
-1.55%


RTNTF
-2.18%


RTPPF
0.00%


^FTSE
-0.48%


ALI=F
-0.31%


GC=F
+0.07%


NEM
-4.33%


HG=F
+0.05%


FTSE: Aerial view of open pit iron ore and heavy mining equipment. Photo: Getty.
Fears over the possibility of a global slowdown have weighed heavily on mining stocks on FTSE 100. Photo: Getty (Anton Petrus via Getty Images)
A handful of mining stocks were at the bottom of the FTSE 100 index on Monday as concerns over the prospect of a global economic slowdown continued to weigh on the minds of investors.

Anglo American (AAL.L), Antofagasta (ANTO.L), Fresnillo (FRES.L), Rio Tinto (RIO.L) and Endeavour Mining (EDV.L) were among the companies at the bottom of the basket, at the time of writing, as metal prices remained under pressure due to demand fears.

“A stronger dollar, weakening global manufacturing activity and a weaker-than-expected economic recovery in China have weighed on metals commodities lately, as well as on mining stocks,” Piero Cingari, independent macro analyst, told Yahoo Finance.

“Despite that I’m optimistic about gold miners for the second half of the year. There are many players (one is Newmont (NEM)) trading at heavily discounted valuations compared to the current price of gold. I think the market is awaiting the results of this quarter before reversing the trend,” he added.

Cingari also said he’s “slightly less bullish on copper miners” until there’s more policy stimulus to be seen in China.

Read more: Trending tickers: Glencore | Novartis | Frasers | UBS

Anglo American plc (AAL.L)View quote details
LSE - Delayed Quote (GBp)
1,792.20-32.60(-1.79%)
At close:5:06PM GMT

Add to watchlist
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Metal prices outlook
The latest slump in mining stocks comes after the World Bank recently projected metal prices to fall by 8% in 2023, and a further 3% in 2024.

It also highlighted in its recent commodities report that the first quarter of this year reflected optimism on a strong China recovery with the bank’s metals and minerals price index rising 10%.

However, it noted how that sentiment changed and most prices receded from their January highs by the end of the quarter.

[jose enrique]

¿+1
Angela Barnes
Angela Barnes·Reporter
June 12, 2023
In this article:

EDV.L
-1.84%


EDVMF
-1.29%


FNLPF
-4.99%


ANFGF
-1.59%


AAUKF
-3.61%


NGLOY
-4.01%


RIO
-1.55%


RTNTF
-2.18%


RTPPF
0.00%


^FTSE
-0.48%


ALI=F
-0.31%


GC=F
+0.07%


NEM
-4.33%


HG=F
+0.05%


FTSE: Aerial view of open pit iron ore and heavy mining equipment. Photo: Getty.
Fears over the possibility of a global slowdown have weighed heavily on mining stocks on FTSE 100. Photo: Getty (Anton Petrus via Getty Images)
A handful of mining stocks were at the bottom of the FTSE 100 index on Monday as concerns over the prospect of a global economic slowdown continued to weigh on the minds of investors.

Anglo American (AAL.L), Antofagasta (ANTO.L), Fresnillo (FRES.L), Rio Tinto (RIO.L) and Endeavour Mining (EDV.L) were among the companies at the bottom of the basket, at the time of writing, as metal prices remained under pressure due to demand fears.

“A stronger dollar, weakening global manufacturing activity and a weaker-than-expected economic recovery in China have weighed on metals commodities lately, as well as on mining stocks,” Piero Cingari, independent macro analyst, told Yahoo Finance.

“Despite that I’m optimistic about gold miners for the second half of the year. There are many players (one is Newmont (NEM)) trading at heavily discounted valuations compared to the current price of gold. I think the market is awaiting the results of this quarter before reversing the trend,” he added.

Cingari also said he’s “slightly less bullish on copper miners” until there’s more policy stimulus to be seen in China.

Read more: Trending tickers: Glencore | Novartis | Frasers | UBS

Anglo American plc (AAL.L)View quote details
LSE - Delayed Quote (GBp)
1,792.20-32.60(-1.79%)
At close:5:06PM GMT

Add to watchlist
1D5D1M6MYTD1Y5YMaxFull screen
Metal prices outlook
The latest slump in mining stocks comes after the World Bank recently projected metal prices to fall by 8% in 2023, and a further 3% in 2024.

It also highlighted in its recent commodities report that the first quarter of this year reflected optimism on a strong China recovery with the bank’s metals and minerals price index rising 10%.

However, it noted how that sentiment changed and most prices receded from their January highs by the end of the quarter.

[jose enrique]

DEPRIMENTE el comienzo de año de ALUAR

Ojo que internacionalmente se espera recesion de demanda de metales

[davinci]

seguimos llevando viuda de ALUAR y TXAR!!!

andas bien..

[pelusita17]

??

seguimos llevando viuda de ALUAR y TXAR!!!

[Itzae77]

Y lo limpiaron.
Se llevan lo que ponen.

es llevar dólar barato que le dicen, vio don Pipa?

[elpipa]

Y lo limpiaron.
Se llevan lo que ponen.

[rojo]

ALZAMER PONE UN POCO DE CLARIDAD A ESTA PLAZA EN PENUMBRAS !!!!

[elpipa]

Al que estaba con una carretilla en 980 se lo llevaron en andas, el de 997 mejor que se corra.

[davinci]

hay manos interesadas en mantenerla rondando los 0.81 ??

??

[Itzae77]

0.71 usd

hay manos interesadas en mantenerla rondando los 0.81 ??

[davinci]

quiere volver a los u$ 0.92 al menos??

0.71 usd

[davinci]

quiere volver a los u$ 0.92 al menos??

[Itzae77]

Parece que allá va...
Y que no los rompa porque mas de uno va a correr.

quiere volver a los u$ 0.92 al menos??

[elpipa]

con este CCL el papel debería andar cerca de los $1100..... a esperar

Parece que allá va...
Y que no los rompa porque mas de uno va a correr.