FTSE 100 lifted by miners on supply disruption concerns

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London's FTSE 100 index was lifted on Wednesday.

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By shares of miners Glencore and Rio Tinto as investors sought out safe-haven assets amid concerns over supply disruptions in the wake of Hurricane Irma.

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The blue-chip index closed up 0.5 percent at 7,383.56 points, with Glencore and Rio Tinto among the biggest risers. 

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It had earlier fallen as much as 0.6 percent.

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The UK's second-biggest index by market capitalisation is still down around 1 percent since the start of September. 

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As tensions between North Korea and the United States have weighed on sentiment.

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But miners' shares have been supported this week by worries that Irma, one of the most powerful Atlantic storms in a century. 

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It could disrupt supplies of metals such as aluminium and nickel.

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Rio Tinto's shares were up 2 percent, while Glencore was 1.4 percent higher. 

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BHP Billiton, the world's biggest miner, gained 0.9 percent."Miners are being bought on safe-haven flows as the hurricane hits Florida.

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The Footsie is being underpinned by miners. If you take away mining stocks it would be down on the day.

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"Other safe-haven assets such as government bonds and the Japanese yen were also in demand on Wednesday.

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