Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Stronger commodity prices boosted advisory firm Deloitte’s Western Australian Index during April, with the market capitalisation of the state’s listed resource companies increasing by 1.7% at the end of the month, to A$131-billion. Deloitte stated on Friday that the majority of commodities surveyed increased during the month. Crude oil prices have shown signs of recovery, increasing by 16.8%, while iron-ore has rebounded from its ten-year low price of $46.70/t. In addition, bulk metals, lead and zinc have increased 14.6% and 10.6% respectively.
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