#mining-stocks

#mining-stocks

Yesterday, Antofagasta led a charge by miners on the FTSE 100 to lift the index out of the early morning slump, shooting up about 9% after Freeport-McMoRan set out the production impact from the suspension of its Grasberg Block Cave mine in Indonesia, the world's second largest copper mine. The firm said it would lower third-quarter consolidated sales by approximately 4% for copper and 6% for gold compared to its July estimates.

The silver market is facing its fourth consecutive annual deficit since 2025, with a projected shortfall of 3,339 tonnes driving prices to decade-high levels.