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May 24, 2021, 8:44 a.m. EDT

Miners drop as China targets commodity speculation

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By Steve Goldstein

U.K.-listed miners slipped on Monday, after China, the world’s largest commodities import, took steps to crack down on commodity speculation.

Fresnillo /zigman2/quotes/201300065/delayed UK:FRES +0.23% and Antofagasta /zigman2/quotes/200173667/delayed UK:ANTO -1.88% were the worst-performing FTSE 100 members, and other major miners including BHP Group /zigman2/quotes/203323256/delayed UK:BHP +0.43% and Anglo American /zigman2/quotes/201381512/delayed UK:AAL +0.14% declined as China’s National Development and Reform Commission said it would “severely punish” commodity monopolies, as it blamed rising prices on “excessive speculation.”

A range of commodity prices has surged as the global economy emerges from COVID-19 lockdowns.

The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.12% edged up 0.2% in midday trade, in what has been a quiet session with Germany and other European countries celebrating Whit Monday.

Cineworld /zigman2/quotes/206525056/delayed UK:CINE +4.22% shares rose 3%, as the cinema operator reported a strong opening weekend in the U.K., helped by “Peter Rabbit 2: The Runaway.” In the U.S., over 97% of cinemas have resumed operations, and Poland and Israel will be opening at the end of the coming week.

Read: Peter Rabbit helps Regal Cinema-owner Cineworld report strong reopening weekend

/zigman2/quotes/201300065/delayed
UK : U.K.: London
790.00 p
+1.80 +0.23%
Volume: 559,469
Sept. 21, 2021 4:35p
P/E Ratio
12.80
Dividend Yield
3.01%
Market Cap
£5.81 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200173667/delayed
UK : U.K.: London
1,329.00 p
-25.50 -1.88%
Volume: 1.61M
Sept. 21, 2021 4:35p
P/E Ratio
17.29
Dividend Yield
3.96%
Market Cap
£13.35 billion
Rev. per Employee
£172,054
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,851.80 p
+8.00 +0.43%
Volume: 9.83M
Sept. 21, 2021 4:35p
P/E Ratio
11.28
Dividend Yield
11.74%
Market Cap
£97.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,474.00 p
+3.50 +0.14%
Volume: 5.96M
Sept. 21, 2021 4:35p
P/E Ratio
6.24
Dividend Yield
7.10%
Market Cap
£30.47 billion
Rev. per Employee
£253,662
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,980.98
+77.07 +1.12%
Volume: 740,298
Sept. 21, 2021 4:58p
loading...
/zigman2/quotes/206525056/delayed
UK : U.K.: London
66.62 p
+2.70 +4.22%
Volume: 11.29M
Sept. 21, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£877.62 million
Rev. per Employee
N/A
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