The biggest mining equities rally in months lost steam as Glencore Plc and First Quantum Minerals Ltd. fell for the first time this week amid declining industrial metal prices. Gold producers extended gains.
Prices for iron ore, copper, nickel, aluminum and other metals have been in a multiyear slump amid sluggish growth in advanced economies and weakening expansion in emerging markets.
Copper jumped the most in five months and zinc posted the biggest gain in a year on
speculation that the slump in industrial metals to the lowest since the global financial
crisis was overdone.