Antofagasta leads miner rally on fresh China stimulus pledges
Portfolio Pulse from
Mining shares surged as Beijing announced plans for further economic stimulus. Antofagasta PLC led the rally with a 5.5% increase, followed by gains in Glencore, Rio Tinto, and Anglo American.
December 09, 2024 | 4:15 pm
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Antofagasta's stock rose 5.5% following China's announcement of further economic stimulus, indicating positive investor sentiment.
Antofagasta's significant stock price increase is directly linked to China's stimulus announcement, which is expected to boost demand for mining products.
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