Glencore is trading 4.1% up at £628.60 after copper reached a record high above $14,600 per tonne, lifting mining shares.
- The broader mining-sector rally is the clearest explanation for the move.
- Glencore agreed to sell the Aurukun bauxite project to Rio Tinto; financial terms were undisclosed.
- Bitcoin and Ethereum are both lower, so crypto sentiment is not supporting the gain.