UK stocks rise, paced by BHP Billiton, Rio Tinto on metal prices

UK stocks advanced for a second day on Monday, led by mining stocks including BHP Billiton and Rio Tinto as metal prices rallied. The tin price rose the most in 10 months. BHP Billiton, the world`s largest mining company, rose 4.17% to £12.75. Rio Tinto increased 3.22% to £30.78. Tin increased US$900, or 6.7%, to US$14,400/t, the largest intraday gain since October 16. Lead stockpiles dropped 500 t, or 1.8%, to 27,750 t, the lowest since March 30, 1990. The metal for three-month delivery rose US$75, or 2.6%, to US$2,965/t. Aluminium climbed US$4 to US$2,489/t, nickel rose US$250 to US$26,250/t, and zinc was up US$35 at US$3,105/t. Copper for delivery in three months on the London Metal Exchange ended just US$5/t higher, at US$7,015/t. The shares of Xstrata plc, the world`s fourth-largest copper producer, added 2.52% to £27.23. Among other copper producers, Kazakhmys gained 4% to £11.70 and Antofagasta was just under 1.86% higher, at £6.56. Lonmin plc, the world`s third-biggest platinum producer, jumped 0.54% to £29.90.