![\"Endeavour,](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/06\/5401d0ba876993a4e1d0009167a44a49.jpeg\")
Endeavour, Rio Tinto and Glencore lead rebounding miners as metals prices seesaw Proactive uses images sourced from Shutterstock <\/p>\n Endeavour, Rio Tinto and Glencore lead rebounding miners as metals prices seesaw Proactive uses images sourced from Shutterstock <\/p>\n
Mining stocks climbed on Tuesday as investors returned to metals after sharp gains in gold, silver and copper prices driven by hopes of easing geopolitical tensions in the Middle East.<\/p>\n
Endeavour Mining PLC (LSE:EDV)<\/a> led the FTSE 100 risers, up 3.5%, while Rio Tinto Ltd (LSE:RIO)<\/a>\u00a0gained 2.3%, Glencore PLC (LSE:GLEN)<\/a>\u00a0rose 2.2%,\u00a0Antofagasta PLC (LSE:ANTO)<\/a>\u00a01.9%, Anglo American PLC (LSE:AAL)<\/a>\u00a01.4% and Fresnillo PLC (LSE:FRES)<\/a> 0.8%.<\/p>\n The rally followed strong moves in metals markets on Monday\u00a0after\u00a0Donald Trump said a “memorandum of understanding”\u00a0in talks to end the\u00a0US and Israel’s war on Iran “has been largely negotiated”.<\/p>\n However, the US launched strikes on Iran overnight, targeting missile launch sites and vessels suspected of attempting to lay mines in what Washington described as \u201cdefensive\u201d action.<\/p>\n Meanwhile, a senior delegation of Iranian\u00a0negotiators is travelling to Qatar for fresh talks with the US over frozen financial assets and a possible wider deal.<\/p>\n Gold climbed from around $4,500 an ounce on Friday to about $4,570 on Monday before easing back to $4,535 on Tuesday morning. Silver followed a similar pattern, rising from $75.4 an ounce at the end of last week to above $78.5 before retreating to around $76.4.<\/p>\n Copper prices also surged, with US copper futures reaching $6.44 a pound and London Metal Exchange copper trading at $13,667.50 a tonne at one stage.<\/p>\n The moves helped lift both precious metal miners and diversified mining groups, with investors betting higher commodity prices could support earnings if geopolitical tensions remain elevated.<\/p>\n “For markets the message is straightforward: the peace trade is more fragile than Monday\u2019s price action suggested,” said market analyst Patrick Munnelly at Tickmill.<\/p>\n He said the\u00a0latest round of strikes “complicates hopes for an interim deal to extend the ceasefire and reopen the Strait of Hormuz, even though Trump said talks were ‘proceeding nicely’\u00a0and Pakistan\u2019s military chief Asim Munir reportedly told China that an agreement was close.<\/p>\n “Investors are still cautiously optimistic, but the risk premium has not disappeared. As long as military action and negotiations are running in parallel, energy markets will remain vulnerable to abrupt reversals.”<\/p>\n","protected":false},"excerpt":{"rendered":"Endeavour, Rio Tinto and Glencore lead rebounding miners as metals prices seesaw Proactive uses images sourced from Shutterstock…\n","protected":false},"author":2,"featured_media":76958,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[2860,2861,14932,8740,18,32891,38250,27753,132,1084],"class_list":["post-76957","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-anglo-american-plc","tag-antofagasta-plc","tag-commodity-prices","tag-copper-prices","tag-donald-trump","tag-endeavour","tag-endeavour-mining","tag-fresnillo-plc","tag-glencore","tag-rio-tinto"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116686404075455063","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/76957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=76957"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/76957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/76958"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=76957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=76957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=76957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}