Mining Stocks Up on Better Chinese Economic Growth

UK mining stocks rose today after better than expected Chinese economic data and record steel production

Karen Kwok 17 July, 2017 | 6:12PM
Facebook Twitter LinkedIn

Shares in UK mining stocks were up on Monday, boosted by positive economic data from China.

China’s economy expanded 6.9% in the second quarter of the year compared to the same three months in 2016. This was the same growth rate as the first quarter, running January to March end, the National Bureau of Statistics of China said today. This was higher than analysts’ expectations of 6.8% GDP growth. Industrial output rose 7.6% in June compared to 2016, higher than the estimated 6.5% increase. 

The Chinese government has set an economic growth target of 6.5% "or higher if possible," for 2017, the lowest economic growth target in 25 years.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Anglo American PLC2,800.00 GBP0.00Rating
Antofagasta PLC1,388.00 GBP0.00
BHP Group PLC2,099.00 GBP0.00Rating
Glencore PLC354.65 GBP0.00Rating
Rio Tinto PLC4,721.00 GBP0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for