Miners bought while gold patch slides

LITHIUM stocks were again in demand as the Metals & Mining index bounced back with a gain of about 1.15%.

Miners bought while gold patch slides Miners bought while gold patch slides Miners bought while gold patch slides Miners bought while gold patch slides Miners bought while gold patch slides

Diversified miners were also targeted by buyers, with the gold patch the only mining sector to upset the bulls (down 2.3%), as a bullion price on the slide this week unsurprisingly failed to impress equity investors.

The best of the bigger mining stocks was Galaxy Resources, which was in strong demand as lithium prices continue to show strength.

Galaxy is up about 50% over the past few weeks, with similar strong gains over the same period from other stocks in the broad battery and renewable energy sector such as Clean TeQ, Lynas and lithium heavyweight Orocobre.

For the juniors, shares in Carbine Tungsten (CNQ) rose more than 60% on no news, with the company not making any market announcements s...

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