Commodities 11 February 2026 - 15 February 2026

Antofagasta shares slip into results week as copper’s “scarcity” story gets tested
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Antofagasta shares slip into results week as copper’s “scarcity” story gets tested

Antofagasta shares closed down 0.5% at 3,711 pence in London on Friday, ahead of full-year results due Tuesday. Three-month copper held near $12,883 a ton as exchange inventories topped 1.1 million tons, the highest since 2003. Treatment and refining charges remain under pressure, with Antofagasta agreeing $0 terms with some Chinese smelters in December.
February 15, 2026
Fortescue share price in focus as FMG ends lower, iron ore slips under $100 ahead of results
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Fortescue share price in focus as FMG ends lower, iron ore slips under $100 ahead of results

Fortescue Ltd shares fell 1.9% to A$21.21 Friday, extending a two-day slide as iron ore futures dropped ahead of China’s Lunar New Year break. The miner’s half-year results are due Feb. 25, with investors watching costs and payouts as ore prices soften. Fortescue added two battery-electric locomotives to its Pilbara rail fleet. Second-quarter iron ore shipments rose 2% to 50.5 million metric tons.
February 15, 2026
Freeport-McMoRan stock pops after FCX 10-K: what the 2026 copper outlook means
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Freeport-McMoRan stock pops after FCX 10-K: what the 2026 copper outlook means

Freeport-McMoRan shares rose 1.3% to $62.84 Friday, rebounding after a 5.2% drop. The company’s annual filing projected 2026 copper sales of 3.38 billion pounds, gold sales of 800,000 ounces, and $4.3 billion in capital spending. Copper inventories climbed above 1.1 million metric tons, the highest since 2003. Argus Research upgraded FCX to “buy” with a $72 target.
February 13, 2026
Lithium price outlook nudges battered stocks higher as Albemarle jumps on Kemerton move
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Lithium price outlook nudges battered stocks higher as Albemarle jumps on Kemerton move

Albemarle shares climbed 4.4% to $165.93 Friday after the company reported a $455.9 million quarterly net loss and announced it will idle a processing line at its Kemerton plant in Australia. Lithium prices on the London Metal Exchange rose 0.3% to $16,590 per ton. Chile’s Cochilco expects short-term lithium prices to stay high as inventories remain low. Investors are watching Asian trading ahead of China’s Spring Festival break.
February 13, 2026
Glencore share price rises in London as copper ticks up and results loom
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Glencore share price rises in London as copper ticks up and results loom

Glencore shares rose 1.1% to 499.62 pence in early London trading Friday, rebounding after a 1.7% drop the previous session. The move comes days before the company’s annual results on Feb. 18, with investors watching for updates on volumes, cash returns, and asset sales. Glencore’s buyback program is set to complete by February 2026. Merger talks with Rio Tinto ended Feb. 5, sending shares down 7%.
February 13, 2026
Heating Oil Price Slides Nearly 3% as IEA Demand Cut Hits Crude, Distillates in Focus
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Heating Oil Price Slides Nearly 3% as IEA Demand Cut Hits Crude, Distillates in Focus

U.S. heating oil futures dropped 2.7% Thursday, with the front-month contract down 6.56 cents at $2.3748 a gallon by midday. Distillate fuel oil stocks fell 2.7 million barrels to 124.7 million last week, including a 2.1 million-barrel drop on the East Coast. Crude and product prices tracked a broader oil selloff after the IEA cut its 2026 demand outlook.
February 12, 2026
Glencore share price today: GLEN rises in London as copper firms ahead of results
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Glencore share price today: GLEN rises in London as copper firms ahead of results

Glencore shares rose 1.3% to 502.7 pence in early London trading Wednesday. Three-month copper on the LME gained 0.31% to $13,155 a tonne, while the FTSE 100 edged up 0.2%. Glencore’s $1 billion buyback programme for 2025/2026 is underway. China’s coal imports are projected to fall 5.1% in 2026 amid rising domestic output and shifts in Indonesian supply.
February 11, 2026
Rio Tinto share price: RIO at 7,083p as China data and metals set the tone before results
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Rio Tinto share price: RIO at 7,083p as China data and metals set the tone before results

Rio Tinto shares closed up 0.45% at 7,083p in London on Tuesday, ahead of annual results due Feb. 19. China’s latest inflation data showed weak demand, with consumer prices up 0.2% and producer prices down 1.4% in January. Copper and iron ore prices held steady as trading slowed before China’s Lunar New Year. Investors are watching for signals on costs, production, and shareholder returns.
February 11, 2026
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