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Commodities News 30 January 2026 - 2 February 2026

Freeport-McMoRan stock steadies after wild swing as copper tumbles — what to watch next

Freeport-McMoRan stock steadies after wild swing as copper tumbles — what to watch next

Freeport-McMoRan shares rebounded 1.1% to $60.88 by midday after an early drop, as copper futures slid over 3% on both COMEX and LME. Metals sold off after Donald Trump named Kevin Warsh to replace Jerome Powell at the Fed, fueling rate concerns. CME Group raised margin requirements for metal futures. U.S. ISM manufacturing PMI rose to 52.6 in January, with new orders at 57.1.
2 February 2026
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Denison Mines stock price slides as uranium shares retreat in commodity rout

Denison Mines stock price slides as uranium shares retreat in commodity rout

Denison Mines shares fell 4.2% to $3.80 in early U.S. trading Monday, tracking a broader selloff in uranium and commodity stocks after Donald Trump nominated Kevin Warsh as Federal Reserve chair. Around 15.8 million Denison shares changed hands. Uranium futures slipped to $99 a pound. Investors remain focused on Denison’s Phoenix project timeline and uranium price swings.
2 February 2026
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Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

Spot silver fell 3.3% to $81.75 an ounce by late Monday in London, down about 32% from last week’s record high. CME Group will raise margin requirements on silver futures after the close. The iShares Silver Trust ETF dropped 6% to $70.72. JPMorgan warned silver lacks central bank buyers and could see more volatility if forced selling continues.
2 February 2026
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Gold and silver prices tumble again after historic plunge as CME margin hike bites

Gold and silver prices tumble again after historic plunge as CME margin hike bites

Spot gold fell 3.2% to $4,708.19 an ounce Monday, extending losses after a record high last week, as higher margin requirements on futures triggered more selling. Spot silver dropped 3.4% to $81.65. Indonesian stocks slid 4.9% and Hong Kong’s Hang Seng lost 2.2% as the metals rout spilled into Asian equities. CME raised margin requirements on gold and silver contracts, effective after Monday’s close.
2 February 2026
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Gasoline prices today: RBOB futures slide more than 4% as Iran talk cools oil — what to watch next

Gasoline prices today: RBOB futures slide more than 4% as Iran talk cools oil — what to watch next

U.S. gasoline futures fell over 4% early Monday, tracking a sharp drop in crude after signs of easing tensions with Iran and a stronger dollar. NYMEX RBOB for March traded near $1.86 a gallon by 6:45 a.m. EST. U.S. pump prices held steady at $2.88 a gallon, according to AAA. Traders await Wednesday’s EIA petroleum report for inventory updates.
2 February 2026
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Silver price slides again as margin hikes bite; Warsh Fed pick keeps metals on back foot

Silver price slides again as margin hikes bite; Warsh Fed pick keeps metals on back foot

Spot silver fell 3.4% to $81.65 an ounce by 1008 GMT Monday, extending losses after a record 27% plunge Friday. CME hiked margin requirements, forcing traders to liquidate positions as the dollar strengthened. Silver has dropped about a third since last week’s all-time high. The market is bracing for more volatility ahead of Friday’s U.S. jobs report.
2 February 2026
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Rio Tinto share price in focus before London open as copper slides and Glencore deadline nears

Rio Tinto share price in focus before London open as copper slides and Glencore deadline nears

Rio Tinto shares fell before Monday’s London open as copper prices dropped nearly 5% in Asia, tracking a broader selloff after reports of a possible change at the US Federal Reserve. The miner faces a Feb. 5 deadline to declare whether it will bid for Glencore, fueling takeover speculation. A new Form 8.3 filing disclosed stakes in both Rio Tinto and Glencore. Rio Tinto closed Friday at 6,738 pence, down 1.62%.
2 February 2026
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Glencore share price: what traders watch as copper slumps and Rio Tinto deadline looms

Glencore share price: what traders watch as copper slumps and Rio Tinto deadline looms

Glencore shares fell 1.7% to 499.25 pence Friday as copper prices dropped nearly 5%, weighing on mining stocks. Rio Tinto faces a Feb. 5 deadline to make a takeover offer or withdraw, under UK rules. Mitsubishi UFJ disclosed a 27.3 million-share stake in Glencore amid the ongoing bid process. Markets reacted to Donald Trump’s pick of Kevin Warsh for Federal Reserve chair and higher CME margin requirements.
2 February 2026
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Denison Mines stock price: DNN drops 6.6% as uranium slips under $100 — what to watch Monday

Denison Mines stock price: DNN drops 6.6% as uranium slips under $100 — what to watch Monday

Denison Mines shares fell 6.6% to $3.96 Friday as uranium prices slipped to $99.25 a pound. Cameco dropped 7.7% and NexGen Energy lost 5.6%. Denison awaits a Canadian Nuclear Safety Commission ruling for its Phoenix mine, with a final investment decision pending. Sprott Physical Uranium Trust recently bought 500,000 pounds of uranium and raised $214 million, pushing prices above $100 earlier in the week.
1 February 2026
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Silver price braces for volatile reopen after Friday rout; SLV slumps with Warsh Fed pick in focus

Silver price braces for volatile reopen after Friday rout; SLV slumps with Warsh Fed pick in focus

Silver prices crashed 26% Friday, with spot silver falling to $86.60 an ounce after topping $120 the previous day. The COMEX March contract dropped 25.5% to $85.25, and the SLV ETF lost $30 to close at $75.44. The selloff followed President Trump’s Fed chair announcement and comes ahead of key U.S. jobs and inflation data due next week.
31 January 2026
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Glencore stock heads into a big week as Rio Tinto deadline nears and copper cools

Glencore stock heads into a big week as Rio Tinto deadline nears and copper cools

Glencore shares fell 1.7% to 499.25 pence Friday after metals prices dropped and copper retreated from record highs. Investors await a possible Rio Tinto bid by Feb. 5 and watch for further takeover-code disclosures. Glencore’s 2025 copper output dropped 11% to 851,600 tonnes, but second-half production rebounded. Geode Capital disclosed a 0.93% Glencore stake in new filings.
31 January 2026
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Freeport-McMoRan stock price sinks 7.5% as copper tumbles from record highs — what’s next for FCX

Freeport-McMoRan stock price sinks 7.5% as copper tumbles from record highs — what’s next for FCX

Freeport-McMoRan shares dropped 7.5% to $60.23 Friday, reversing sharply from a 52-week high the day before. Copper fell 1.1% on the London Metal Exchange to $13,465 a ton after hitting a record Thursday, as traders took profits and the dollar strengthened. About 40.7 million Freeport shares traded hands. Investors await key U.S. data next week.
31 January 2026
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Gasoline prices today: RBOB futures slip as Iran diplomacy talk cools oil rally

Gasoline prices today: RBOB futures slip as Iran diplomacy talk cools oil rally

RBOB gasoline futures fell 0.6% to $1.9233 a gallon in early New York trading Friday, trimming gains from Thursday’s sharp rally. U.S. average pump prices held at $2.87 a gallon, about 24 cents below last year. Crude prices slipped as President Trump signaled openness to talks with Iran. Supply remains disrupted after a winter storm, with U.S. crude output still down by 500,000 barrels per day.
30 January 2026
Anglo American share price slides 3% as copper cools from record highs; Fed chair pick looms

Anglo American share price slides 3% as copper cools from record highs; Fed chair pick looms

Anglo American shares fell 3.3% to 3,384 pence in early London trade Friday after copper prices dropped 2.8% on the LME to $13,278.50 a ton. The declines followed Thursday’s record copper rally and profit-taking by investors. EU regulators are due to rule on Anglo’s proposed merger with Teck Resources by Feb. 10. Anglo’s production report is scheduled for Feb. 5.
30 January 2026
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FCX stock pops after-hours as copper breaks $14,000 — what traders watch next

FCX stock pops after-hours as copper breaks $14,000 — what traders watch next

Freeport-McMoRan shares rose 2.3% to $65.13 in after-hours trading Thursday after copper hit a record $14,527.50 a ton on the London Metal Exchange before closing up 4%. Trading volume for Freeport reached 48.2 million shares. Analysts raised 2026 copper price forecasts, citing mine disruptions and speculative buying. China’s extended Lunar New Year holiday is expected to affect copper demand and market signals.
30 January 2026
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Stock Market Today

Adobe stock (ADBE) slips into the weekend — what traders watch before Monday

Adobe stock (ADBE) slips into the weekend — what traders watch before Monday

8 February 2026
Adobe shares closed down 0.4% at $268.38 Friday, trailing a broader tech rally that sent the Dow above 50,000 for the first time. Semrush shareholders approved a merger with Adobe, advancing the $1.9 billion deal. Investors await key U.S. jobs and inflation data this week. Adobe’s next earnings report is expected in mid-March.
Snowflake stock snaps back with 7% jump — what to watch before Monday

Snowflake stock snaps back with 7% jump — what to watch before Monday

8 February 2026
Snowflake shares jumped 7.5% to $168.43 Friday, tracking a late-week tech rebound. Director Michael L. Speiser sold 50,741 shares on Feb. 6 under a pre-set plan, according to a regulatory filing. The company recently announced a $200 million partnership with OpenAI. Snowflake reports earnings Feb. 25.
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