From Mining News - Final Call
Meanwhile, all eyes will be on mining giant BHP Billiton as it prepares to release its fiscal first-half year results tomorrow.
Bloomberg today reported the major's profit to "probably" climb to a new record on the back of surging commodity prices with net income estimated to be at $6.3 billion, an increase from the corresponding period's $4.4 billion.
BHPB shares climbed 27c (1%) to $26.68 after copper prices stabilised in London overnight, with the spot price of the red metal down $US4.50 (0.1%) at $5301.50/t and three-month copper losing $US5 (0.1%) to $US5340/t.
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