Materials Down Despite Strong Earnings, as Metals Prices Fall -- Materials Roundup

Dow Jones
Yesterday

Producers of metals, grains and other raw materials fell despite strong earnings in the sector, as precious-metals prices retreated.

Gold futures fell 2.8% to $4,882.90 an ounce.

Silver futures fell 5.7% to $73.45 an ounce.

Copper futures fell, and are now down about 9% from their recent record highs.

Chilean copper miner Antofagasta will likely report a rise in profits in 2026 on higher output and lower costs, depending on copper-price movements.

BHP agreed to sell its share of future silver production from the Antamina copper mine in the high Andes of Peru to Wheaton Precious Metals for $4.3 billion, part of a plan to raise $10 billion to fuel development of copper resources.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

February 17, 2026 17:53 ET (22:53 GMT)

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