BHP posts second straight year of record iron ore production, beats estimates
The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.
Copper advanced the most in more than two weeks in New York after record holiday sales in the U.S., the world’s second-biggest consumer of the metal, fuelled optimism demand will remain steady, reports Bloomberg.
Copper also gained as the euro climbed against the dollar after German Finance Minister Wolfgang Schaeuble urged fast-track treaty changes to tighten budget discipline.
Copper has been dropping steadily due to economic instability and signs of slowing in China.