#NewsTrade #TradeWarEases #TradeStories London miners soar after US-China trade truce boosts FTSE 100

Edited by Maria Ponnezhath
Published 12.05.2025 06:09
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Investing.com — Mining companies listed in London were among the top gainers of the FTSE 100 index on Monday, following the announcement of a 90-day pause in the tariff war between the US and China.
The temporary truce led to an increase in the prices of base metals, which positively impacted the mining companies.
The companies benefiting from this rise included Glencore (LON:GLEN), Anglo American (JO:AGLJ), Rio Tinto (LON:RIO), and Antofagasta (LON:ANTO).
Glencore's shares rose by more than 7%, while Anglo American's shares increased by more than 6%.
Rio Tinto also recorded a 4.4% increase in share price, while Antofagasta's shares rose by 6.7%.
The rise in share prices of these mining companies is directly correlated to the trade agreement reached between the US and China.
