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FTSE 100 miners fall as ceasefire optimism fades, metals prices drop amid China and dollar pressures.

Market News
13 Apr 2026
Proactive Investors
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Bearish
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FTSE 100 mining stocks including Fresnillo, Antofagasta, and Endeavour Mining fell sharply after gains from a US-Iran ceasefire announcement reversed. The ceasefire had raised hopes for reopening the Strait of Hormuz, boosting metals prices and lowering oil. However, ongoing tensions and US warnings about the shipping lane have dampened optimism. Precious metals like gold and silver face volatility due to US monetary policy uncertainty, while copper prices suffer from a stronger dollar and weak Chinese demand, pressuring miners' shares further.

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