The stock prices of major mining shares surged in December, with leading stocks in the sector such as the U.K.'s Rio Tinto plc (NYSE:RIO)increasing 12.6%, and Brazil's Vale S.A. (NYSE:VALE) up 14.6%. While Rio Tinto's 9% gain in November can be attributed to company-specific reasons -- namely, the announcement of a deal to divest some non-core assets -- the move in December was very much a sector-wide phenomenon.
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