Mining Stocks Boost FTSE 100 as Copper Prices Surge

The FTSE 100 index closed at 10,879.38 on August 4, marking a modest gain as the mining sector led the charge.

Copper prices touched two-month highs, and broader risk appetite improved following comments from US Treasury Secretary Scott Bessent that a deal to reopen the Strait of Hormuz could come soon.

Antofagasta surged over 7%, Anglo American added more than 5%, and Glencore climbed 3% as Fresnillo also shone after beating expectations with its interim results.