Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides
Published . Updated .
Freeport-McMoRan and Teck Resources led copper producers down 7% after a report that the White House has yet to decide on refined copper tariffs, and Freeport's $100 billion valuation is back in play.
Directly affected
Indirectly affected
- XLE Energy Select Sector SPDR
Energy prices move when sanctioned supply is blocked
- USO United States Oil Fund
This fund moves with oil prices
- XOM Exxon Mobil
Oil producers move when sanctioned barrels leave the market
- CVX Chevron
Oil producers move when sanctioned barrels leave the market
- AAPL Apple
Sales and supply chains are exposed to a new tariff
- NKE Nike
Sales and supply chains are exposed to a new tariff
- XLB Materials Select Sector SPDR
A fund of materials companies
- GLD SPDR Gold Shares
Gold miners and the metal move together
- SLB SLB
Oilfield work in sanctioned regions can be cut off
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
Price reaction, T-5 to T+3
Freeport-McMoRan and Teck Resources led copper producers down 7% after a report that the White House has yet to decide on refined copper tariffs, and Freeport's $100 billion valuation is back in play.
Source: Mining.com
How far Freeport-Mcmoran (FCX) has moved since 12 Sep 2026
Since the first closing price after “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides,” Freeport-Mcmoran (FCX) is +0.52%. The S&P 500 fund (SPY) is +0.77% over the same days, a -0.25% difference versus the market.
Taiwan Strait on the map for this story
Taiwan Strait has 48 linked stories in the last 7 days and 48 in the last 30 on the page that also carries “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides.” The recent pace is rising.
Who gains and who pays if Taiwan Strait stays in the story
Companies mentioned with this story
- FCX Freeport-Mcmoran
Freeport-Mcmoran (FCX) is linked, with no stored direction, high confidence in the 12 Sep 2026 story “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides.” Reason on file: The reported development directly names FREEPORT MCMORAN INC in the summary; GA resolved that company to FCX
- TECK Teck Resources
In “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides,” Teck Resources (TECK) is linked, with no stored direction, high confidence. Reason on file: The reported development directly names TECK RESOURCES LTD in the summary; GA resolved that company to TECK
- WRN Western Copper & Gold
Western Copper & Gold (WRN) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides.” Reason on file: GA selected WRN as a RELATED security because its canonical security name directly matches this event's themes: copper, gold. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- HL Hecla Mining
In “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides,” Hecla Mining (HL) is linked, with no stored direction, medium confidence. Reason on file: GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- MP MP Materials Corp. / DE
For “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides,” MP Materials Corp. / DE (MP) is linked, with no stored direction, medium confidence. Reason on file: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- RYAM Rayonier Advanced Materials
Rayonier Advanced Materials (RYAM) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides.” Reason on file: GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- SCCO Southern Copper Corp/
For “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides,” Southern Copper Corp/ (SCCO) is linked, with no stored direction, medium confidence. Reason on file: GA selected SCCO as a RELATED security because its canonical security name directly matches this event's themes: copper. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- USAS Americas Gold & Silver
Americas Gold & Silver (USAS) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides.” Reason on file: GA selected USAS as a RELATED security because its canonical security name directly matches this event's themes: silver, gold. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
From Taiwan Strait to Freeport-Mcmoran (FCX)
On 12 Sep 2026, “Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides” is the story that connects Freeport-Mcmoran (FCX) to Taiwan Strait.
What ties Freeport-Mcmoran (FCX) to the headline is this: The reported development directly names FREEPORT MCMORAN INC in the summary; GA resolved that company to FCX
Also listed, Teck Resources (TECK): The reported development directly names TECK RESOURCES LTD in the summary; GA resolved that company to TECK
Dates and price levels for Freeport-Mcmoran (FCX)
FCX traded between 66.15 and 74.89 across 20 sessions. The latest close on file is 69.70. TECK traded between 62.70 and 69.37 across 20 sessions. The latest close on file is 63.46. WRN traded between 1.76 and 2.54 across 20 sessions. The latest close on file is 1.79.
What the saved facts support for Freeport-Mcmoran (FCX)
46 out of 100
“Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.