Strong end to week for miners after constructive China initiative

SUPPORTIVE monetary directives in China has boosted stocks including miners, with Metals & Mining closing the final trading day of the week with a circa 2.5% gain on the ASX 200.

Strong end to week for miners after constructive China initiative Strong end to week for miners after constructive China initiative Strong end to week for miners after constructive China initiative Strong end to week for miners after constructive China initiative Strong end to week for miners after constructive China initiative

Metal futures too were on the gain after Chinese banks lowered the five-year loan prime rate by a record amount.

Nickel led the way north with an 8% rise, while iron ore closed in on US$130/t.

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