London mining stocks opened higher as oil fell on intensified diplomatic efforts to end the Middle East conflict. Miners gained despite gold slipping modestly, with traders reassessing the inf outlook. Mining firms are among the world’s largest diesel consumers, so higher oil raises mining costs and squeezes margins. Anglo American +2.1%, BHP +1.5%, RIO +1%, Antofagasta +2.3%.

2026-09-21

London mining stocks opened higher as oil fell on intensified diplomatic efforts to end the Middle East conflict. Miners gained despite gold slipping modestly, with traders reassessing the inf outlook. Mining firms are among the world’s largest diesel consumers, so higher oil raises mining costs and squeezes margins. Anglo American +2.1%, BHP +1.5%, RIO +1%, Antofagasta +2.3%.