London – Light is emerging at the end of the tunnel for suppliers of conveyor belts and other rubber products to the global mining industry.
Following a period of long-term decline, increases in prices of metals such as gold, silver and copper are now boosting shares in mining companies.
In one snapshot on 4 July, the BBC reported share in gold and silver miner Fresnillo up 7 percent, while BHP Billiton and Glencore were about 2.5 percent higher.
Reflecting these trends, share in belts supplier Fenner plc were that day trading around £1.64 – marking a sustained recovery from all-time lows below the £1.00 mark in February.
London-listed Fenner’s share price is still well down on peaks approaching £5.00 recorded in early 2014.