Antofagasta stock caught in copper price swings as investors weigh next steps
Antofagasta plc shares plunged 10.71% to 3,810p in London on Friday as the FTSE 100 posted its steepest drop in over eight weeks, closing down 1.7%. The miner’s stock had surged midweek on copper’s rally but ended the week 2.2% lower than last Friday. Copper futures hit $14,191 a tonne Wednesday before losing momentum. UK markets faced pressure from political risks, inflation concerns, and falling sterling.