European mining and utilities stocks hit new record highs on Wednesday, surpassing previous peaks from 2008, according to Reuters.
The Stoxx basic resources index has climbed 25 percent since the start of the year, while Stoxx utilities are up about 15 percent, driven by rising metal prices and increased interest in energy companies linked to AI and data centers.
Earlier this week, European oil and gas stocks also reached their highest levels since 2007.
In Sweden, for example, Boliden and Lundin Mining are up by 2.9 percent and 4.1 percent, respectively.
Lundin Mining Corporation is a diversified Canadian base metals mining company. The Company has operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. Its operations include Candelaria, Caserones, Chapada, Eagle, Vicuna, Neves-Corvo and Zinkgruvan. The Candelaria Copper Mining Complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that produce copper concentrates from open pit and underground mines. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Vicuna is a joint venture, which holds the Filo del Sol project and the Josemaria project located along the Chile-Argentina border. Neves-Corvo is a copper and zinc mine producing copper, zinc and lead concentrates.
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