Mining firms power UK stocks to record high after 50% U.S. copper tariff confirmed

Mining Firms Performance: London-listed mining companies saw a rebound on Thursday, with shares of major firms like Anglo American and Rio Tinto rising significantly, driven by strong Chinese economic data and the impact of new U.S. copper tariffs set to begin on August 1.

Market Sentiment and Economic Indicators: Analysts noted that while U.S. tariffs create uncertainty, positive indicators such as increased sales in Chinese construction machinery and potential interest rate cuts by the Federal Reserve are fostering optimism in the mining sector, alongside expectations for a trade deal between the EU and the U.S.