- September copper futures prices rose by 1.25 cents, closing at $3.7175 per pound, representing a 0.33% increase.
- December gold futures, the most actively traded, closed up $6.5 at $1,923 per ounce, a 0.34% increase.
- September silver futures prices rose by 60.7 cents, closing at $23.34 per ounce, a 2.67% increase.
- October platinum futures prices fell by $1.5, closing at $913.5 per ounce, a 0.16% decrease.
- September palladium futures prices fell by $20.95, closing at $1,239.1 per ounce, a 1.66% decrease.
The Golden Age of Mining Giants
Australia’s mining industry is massive, with a long history and a profound impact on global markets. Approximately 1.2 million people are employed in this industry, with annual exports reaching AUD 160 billion. BHP and Rio Tinto are leaders in this field, focusing on the extraction and processing of minerals such as coal, iron ore, and