Miners lead Footsie fallers as gold and copper rally stalls

Mining Written by: Ian Lyall 08:30 Fri 14 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Antofagasta PLC ( LSE:ANTO ) View Price & Profile Miners lead Footsie fallers as gold and copper rally stalls Published: 08:30 14 Aug 2026 BST Mining shares dominated the FTSE 100 fallers board on Friday, extending a retreat that has taken roughly 8% off the sector since Wednesday lunchtime. Antofagasta PLC (LSE:ANTO) led the decliners, down 3.5% at 3,625p, followed by Glencore PLC (LSE:GLEN) , off 2.2% at 548.3p, and Fresnillo PLC (LSE:FRES) , down 2.1% at 2,810.5p. Anglo American PLC (LSE:AAL) fell 2.1% to 3,831.5p, while Endeavour Mining lost 2% to 4,027.5p. The sell-off followed a pullback in the metal prices that powered the sector's rally through the first half of the month. Spot gold was down 0.5% at $4,326.75 an ounce and on course for a weekly loss as investors took profits. Bullion has twice failed to break above $4,500, and Thursday's session closed 1.3% lower after the metal touched a two-month high. Money markets now price the probability of a Federal Reserve rate rise in September at about 40%, after softer producer price data and an increase in weekly jobless claims. Copper has also eased after setting a record on the Comex exchange earlier in the week. Futures fell below $6.55 a pound on Thursday, a one-week low, as elevated prices deterred buyers in China and the premium paid for imported metal in the country slipped. Traders are awaiting a delayed White House decision on tariffs for refined copper, which strategists have identified as the biggest single catalyst facing the market. The falls follow an exceptionally strong start to the month for the sector. The world's 50 largest listed miners added $206 billion in combined market value over the first seven trading sessions of August, of which $108 billion came from gold and silver producers. Continue reading