Risk aversion fails to support mining stocks; London metals sector falls across the board

格隆汇 March 3｜Affected by the Middle East conflict, London-listed mining stocks collectively declined in opening trading. Although gold prices rose in early trading, silver futures fell by 2.7% to $86.47 per ounce. Analysts from ANZ Bank pointed out that uncertainty caused by the conflict has weakened sentiment, resulting in a downward trend in basic metal prices. One exchange dropped 3.65%, another exchange fell 2.7%. Valterra Platinum declined by 5.2%, while copper miner Antofagasta's share price fell by 4.2%. Gold and silver miner Fresnillo dropped nearly 2.7%, and Hochschild Mining fell by 3.1%.