U.K. Miners Climb on Precious Metals, Rio Tinto -- Market Talk

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1011 GMT - U.K. miners climb as soaring precious metal prices and a consensus-beating earnings report for Rio Tinto support the sector. The miner announced consensus-beating fourth-quarter earnings, including copper production 10% ahead of consensus estimates. Stock in the company is up 4.7%, making it the largest riser in London's FTSE 100. Copper has surged to record prices in recent weeks, which also supports copper miner Antofagasta climbing 2.1%. Major gold miner Endeavour Mining gains 4%. Glencore is also up, gaining 3.5%. Gold prices soared through $4,800 a troy ounce as investors concerned by President Trump's Greenland threats flee to safe-havens. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

January 21, 2026 05:11 ET (10:11 GMT)

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