Mining Stocks Climb on Output-Cut Plans to Stem Rout in Metals

Updated on
  • Glencore says more production cuts coming if prices persist
  • China Hongqiao plans to cut 250,000 tons of aluminum capacity

Glencore Plc and Freeport-McMoRan Inc. rose as mining stocks gained after producers pledged deeper cutbacks to help stem a metals glut that’s sent prices to the lowest in six years. Copper futures gained a third straight day.

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