Shares of Rio Tinto slipped on Friday, with the miner’s U.S.-listed stock last seen at $91.03. That’s down $4.05, or roughly 4.3%, from the previous session’s close, according to market data.
Antofagasta shares fell 3.65% on Friday, closing at 3,648 pence, pulling back from earlier gains that had pushed the miner to new highs this week. UBS downgraded the stock to “neutral” with a price target of 4,200 pence, while Deutsche Bank maintained its “sell” rating, setting a 2,900-pence target.
Shares of Rio Tinto closed Friday down 1.62% at 6,738 pence, underperforming the stronger FTSE 100 as month-end turnover ramped up. Volume topped about 3.8 million shares, exceeding the 50-day average, after the stock had hit a 52-week high just the day before.
Sandfire Resources shares ended Friday at A$19.85, slipping 6.85%. They swung between A$21.75 and A$19.61 during the session. Volume was strong, with roughly 4.7 million shares traded.
Fortescue Ltd shares closed Friday 2.7% lower at A$21.00 on the Australian Securities Exchange, deepening a late-week slide among major miners. The stock dipped to a low of A$20.70 during the session.
Shares of Mineral Resources Ltd dropped 6.3% on Friday, ending the session at A$57.15. That marked a sharp decline from Thursday’s close of A$61.02, putting the miner under selling pressure heading into the weekend.
Denison Mines Corp’s U.S.-listed shares slipped 2.1% to $4.15 in late morning trading Friday, after fluctuating between $4.06 and $4.24. More than 13.5 million shares changed hands.
Barrick Mining Corp shares dropped 5.4% to $49.26 in premarket trading by 7:18 a.m. EST on Friday, following a 1.8% decline to $52.05 at Thursday’s close.
Battery-grade lithium carbonate prices in China dropped 4.46% on Friday, settling at 160,500 yuan a tonne, erasing some of the gains seen earlier this year. U.S.-listed lithium miners slipped before the Wall Street open: Albemarle fell $3.70, or about 2%, to $180.70; SQM lost $1.92, or 2.3%, to $81.64; and Lithium Americas slid 58 cents, down 9.7%, to $5.43.
The UK stock market barely moved on Friday. Experian surged following a fresh buyback announcement, balancing out sharp losses in major miners as metal prices dipped. The blue-chip FTSE 100 edged up roughly 0.2% to about 10,189 points, while the FTSE 250, more UK-focused, held steady.
Antofagasta shares dropped sharply in early London trading on Friday, wiping out much of this week’s gains as copper prices swung wildly. By 0855 GMT, the stock was down 5.4% at 3,583 pence.
Fresnillo PLC shares dropped on Friday, deepening the steep selloff in the London-listed gold and silver miner. The decline came as bullion prices weakened and investors zeroed in on the company’s lowered output targets for 2026.
Rio Tinto shares fell 1.9% to 6,718 pence in early London trading on Friday, paring gains from the previous session as investors weighed a new aluminium deal against an approaching takeover deadline.
PLS Group shares ended down 6.5% at A$4.29 on Friday, giving back early gains after the lithium producer flagged higher unit costs and a possible restart of an idled processing plant at its Pilgangoora operations.