European equities closed mostly higher on Monday, despite a solid tick-up in oil prices and a strong performance from Europe's banks and miners.
Annalisa Jeffries of Platts notes that strong Chinese demand has led to a turnaround for the commodity.
Rio Tinto may have presented a subdued global outlook, but it still boasts solid growth projects, according to Rob Brierley of Patersons Securities.
European stocks closed mixed on Wednesday after a slew of earnings, with banking stocks rallying.
Some of the names on the move ahead of the open.
Global miner Rio Tinto reported its weakest first-half earnings in 12 years, down 47 percent as iron ore and copper prices fell.
Rio Tinto may do more copper exploration as China moves toward a consumer-led economy, says Ayers Alliance Securities' CIO, Jonathan Barratt.
Better-than-expected iron ore prices this year will help Rio Tinto, says MineLife's senior resource analyst, Gavin Wendt.
Mongolia's economy all but flatlined, but some say hidden gems may be getting lost in the current bout of gloom.
The market for iron ore has been in decline since 2011, but things may be looking up for the steel-making ingredient.
Asia markets closed mixed on Thursday as investors digested fresh earnings reports and awaited the outcome of the Bank of Japan's two-day policy meeting.
Rio Tinto says it's on track to meet FY iron ore shipment guidance from its Australian mines, underscoring robust Chinese demand.
Europe finished mixed on Monday, as investors cheered on the rally in ARM shares, but remained concerned over global geopolitical events.
European stocks soared to close sharply higher on Friday, after investors cheered on the news that the U.S. had created 287,000 jobs during the month of June.
Mongolia's mining sector is set for a comeback after the investor-friendly opposition party regained control of parliament.
Silver prices hit a two-year high above $21 per ounce on Monday, as precious metals continue to gain from the safe-haven rally following the U.K. referendum.
European stocks finished the session with solid gains on Friday as the recovery in global markets continued, despite uncertainties over the Brexit vote.
Europe soared Wednesday as markets realized that any change to the status quo in the EU after Brexit is unlikely to change in the short-term.
Gold fell for a second session in a row on Tuesday as fears that Britain could vote to leave the European Union in Thursday's referendum receded.
European stocks were mostly higher following polls that allayed fears of a Brexit, however, a decline in oil prices added pressure to sentiment.