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Mining stocks fall as copper prices drop and inventories rise, hitting major London miners.

Market News
22 Oct 2026
Proactive Investors
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Bearish
Mining stocks fall as copper prices drop and inventories rise, hitting major London miners.

Mining shares in London fell sharply due to weaker copper prices and rising metal inventories, which eased previous supply concerns. Anglo American, Antofagasta, and Fresnillo saw declines of 3-4%, with Fresnillo also reporting lower silver and gold production in Q3. The drop in copper prices and production concerns weighed on investor sentiment, dragging the FTSE 100 down by 0.7%. This trend highlights ongoing challenges in the mining sector amid fluctuating commodity supplies and demand.

Mining shares in London faced broad declines, with 63 out of 83 Basic Materials-sector US stocks on Pluang falling as of Oct 22, 2026, 14:31 WIB. Notable movers included EXK (Endeavour Silver Corp) down 3.73% with 100% buy order activity, AG (First Majestic Silver Corp.) down 3.73%, and HBM (Hudbay Minerals Inc.) down 3.63%. This data provides a snapshot of market sentiment in the mining-related materials sector during the reported period.

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