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StocksMedium•8 April 2026•

1 min read

Mining Stocks Surge on FTSE 100 Following US-Iran Ceasefire Agreement

Key Facts

1The US and Iran agreed to a two-week ceasefire, leading to a rise in metals prices.

2Antofagasta shares leapt 12.6%, leading the FTSE 100 leaderboard.

3Anglo American and Fresnillo recorded gains of over 10%.

Mining stocks listed on the FTSE 100 and FTSE 250 experienced a significant surge following the announcement of a two-week ceasefire between the United States and Iran. The agreement has effectively reduced geopolitical risk premiums, sparking a broad recovery across global commodity markets. Shares in Antofagasta PLC led the gains on the London Stock Exchange, leaping by 12.6% to top the leaderboard. Similarly, major players Anglo American and Fresnillo recorded substantial gains of over 10% as metal prices rebounded. The ceasefire is viewed as a major positive catalyst for industrial and precious metal miners, particularly impacting copper and gold valuations. Analysts suggest that the reduction in conflict-related tensions has restored investor confidence in global energy and commodity supply chains.

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