NEW YORK (
North American Palladium
Cliffs Natural Resources
(CLF - Get Report)
headed the gainers' list last week, while
Great Northern Iron Ore Properties
Alpha Natural Resources
were the top losers last week.
North American Palladium surged around 18.9% last week, hitting 52-week highs on Friday. Meanwhile, Stillwater Mining gained around 8.8%. Both stocks benefited from the rally in platinum and palladium, spot prices of which rose 4.6% and 3.7% during the week, respectively.
Cliffs Natural Resources touched 52-week highs, advancing around 9.2%. Cliffs acquired Canada-based Thompson Iron Mines for C$4.9 billion, in an all-cash deal last week.
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hit 52-week highs at $26.48 on Thursday. The stock declined to $24.52, however, after FBR Capital cut its rating to "market perform." Similarly,
scaled up to 52-week highs at $9.48 on Thursday, before ending the week at $9.02.
Among other coal stocks,
Penn Virginia Resource Partners
Yanzhou Coal Mining
gained around 6.9%, 2.8% and 2.7%, respectively.
advanced around 5.7%. On Friday, the company confirmed receiving two new industrial sector orders from the Netherlands for a total value of $9 million.
, global steel giant, gained 3.6%. On Friday, ArcelorMittal said it has joined Nunavut to offer C$1.50 per share for Baffinland.
gained around 3.4%. During the week, the company announced that its new discovery at Limo Project in Nevada delivered significant results.
Meanwhile, mining giants
(VALE - Get Report)
advanced around 3.4% and 3.0%, respectively, attaining their respective 52-week highs on Wednesday.
Other winners include
, up 4.9%, 4.5% and 2.4%, respectively.
Great Northern Iron Ore Properties headed the losers' list last week, plunging 26.2% on speculative selling with heavier-than-average-volume. Alpha Natural Resources followed, shedding 9.5% after the company raised its 2010 estimates for cost of coal sales.
Silver stocks dominated the decliners' list as the white metal COMEX spot delivery declined 3.58% last week. Mag Silver,
Compania de Minas Buenaventura
(SLW - Get Report)
Pan American Silver
were down 7.1%, 6.8%, 5.8%, 5.4% and 4.7%, respectively.
Among gold stocks,
(GG - Get Report)
(ABX - Get Report)
declined 5.3%, 4.4%, 4.4%, 4.1% and 4.1%, respectively, as the underlying metal dropped nearly 1.3% for COMEX spot delivery.