Materials Down Despite Strong Earnings, as Metals Prices Fall — Materials Roundup

Producers of metals and raw materials experienced declines despite strong earnings, as precious metals prices fell. Gold futures dropped 2.8% to $4,882.90 per ounce, and silver futures fell 5.7% to $73.45 per ounce. Copper futures also decreased, down about 9% from recent highs. Antofagasta is expected to report profit increases in 2026, contingent on copper prices. BHP sold its future silver production share from the Antamina mine to Wheaton Precious Metals for $4.3 billion, part of a $10 billion development plan for copper resources.