Some large -scale mining companies in Australia have jumped on Monday (November 14). After taking measures in China to relax the epidemic restrictions and relax the regulation of real estate, the market is expected to improve the demand for commodities.
The Wall Street Journal reported that the latest increase in Bitto's stock price rose 5.0%to $ 44.20 per share (below, about S $ 40.54).Bihe Billita is the world's highest market value mining company, and it is also an important producer of steelmaking raw material iron ore and metallurgical coal.
Rio Tinto Co., Ltd.'s stock price rose 4.3%to $ 107.03 per share.Rio Toro is the world's top iron ore producer, ranking second in market value among global miners.
Both stocks have risen to the highest level since June.The stock prices of other mining companies, including Fortescue Metals Group LTD. and SOUTH32 LTD., have also risen.
According to a notification from Chinese financial institutions and officials participating in decision -making, the Bank of China and the China Banking Regulatory Commission issued a series of extensive measures to boost housing demand for housing demandAnd supply.
Australian Federal Bank analysts said that the demand for steel in China's real estate industry accounts for about 30%of China's steel demand, and 20%to 30%of China's aluminum, zinc and copper demand.
