Last week’s top-gaining stocks on the TSX were Avalon Advanced Materials, Forsys Metals, Nevada Copper, Orosur Mining and Almonty.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trending up at midday on Friday (February 19), at 18,347.33, but closed slightly higher at 18,386.96.
Last week, gold was on the rebound as the US dollar weakened, while silver was on track for its second weekly gain. On the base metals front, all eyes were on copper, which hit a nine year high as Chinese markets reopened following Lunar New Year celebrations.
The five TSX-listed mining stocks that saw the biggest gains last week are as follows:
Rare Earths Outlook 2020: Trade War to Dominate Supply and Demand
What’s the rare earths outlook for 2020? Here analysts and CEOs share their thoughts on what’s ahead for the rare earths market.
Click here to read the latest rare earths market update.
Rare earths started the year as metals that few people outside of the sector knew about. However, by Q2, the critical metals were receiving mainstream attention as China considered cutting off US access, causing concerns about a supply shortage.
While the trade war did dominate the news cycle, prices were less volatile than expected; they spiked early in the year before slipping back down and remaining steady for the remainder of 2019.