Up go metal prices - and the bourse

The sharemarket closed higher as strong prices for base metals boosted mining stocks.
"The tone of the market has been quite buoyant," CMC Markets analyst David Land said. "We've got a good combination of things happening with the broader market at the moment, with crude oil prices softening while metals remain nice and strong.
"Most of the interest came out of the mining sector."
Mr Land said BHP Billiton and Rio Tinto benefited from higher copper prices on the London Metal Exchange at the end of last week.
Copper prices hit new highs in London on Friday amid general buoyancy in commodity prices.
The ASX 200 was up 34.1 points to 4608.4 and the All Ordinaries rose 31 points to 4547.8.
In the resources sector, BHP rose 48c to $21.60, Rio Tinto rose $1.53 to $61.24 and Alumina gained 15c to $6.40.
Junior explorer Cazaly Resources jumped 14c to 74.5c as it secured financial support from a UK banking group to develop the deposit at the centre of an ownership dispute with Rio Tinto.
Oil and gas producer Woodside Petroleum fell 20c to $31.60 while rival Santos gained 5c to $11.13.
Po Valley Energy, a junior gas explorer, jumped 16.5c to 62c after it said $8.75 million in cash from a US investment fund would speed up its Italian operations.
Of the majors in the banking sector, NAB rose 21c to $32.99, ANZ added 12c to $23.47 and CBA firmed 15c to $41.15.
Westpac fell 13c to $22.32.
Seven Network eased 3c to $8.29 after it agreed to mediation with the Australian Football League over the broadcaster's damages claim over the demise of its pay TV arm C7 in 2002.
PBL added 5c to $16.75 and John Fairfax fell 6c to $4.02.
Telstra rose 1c to $4.32 ahead of the release of the results of its strategic review today. An overhaul of Telstra's operations is likely to be overshadowed by the news of up to 9000 job losses.
Independent telecommunications analyst Paul Budde yesterday said about 15,000 jobs would have to be cut from the company's 46,000-strong work force if it was to maintain its profitability.
Optus owner Singapore Telecommunications rose 1c to $1.925.
Virgin Blue gained 5c to $1.60. The airline is due to report an annual net profit of $105 million this week, just as a third domestic player enters the market.
Retailer Coles Myer gained 2c to $9.97 while Woolworths was up 15c to $17.28.
Burns Philp rose 1.5c to $1.16. It remained in talks late yesterday with a private equity group about a trade sale as an alternative to a proposed $3 billion float of its bakery and spreads business.
In the gold sector, Newmont firmed 12c to $6.02, Newcrest added 46c to $19.56 and Lihir put on 5c to $2.05.