Shares of U.S. mining companies showed mixed movements on Monday after President Donald Trump said the U.S. military would delay further attacks on Iranian power plants and energy infrastructure for five days following what he described as “productive” talks between Washington and Tehran.
The announcement helped ease geopolitical tensions in the Middle East, offering some support to commodity markets. Copper producer Freeport-McMoRan Inc. (NYSE:FCX) benefited from the easing tensions, rising 1.70%, while gold mining stocks reacted unevenly as safe-haven demand softened.
United States Antimony Corporation (NYSE:UAMY) advanced 3.19%. Meanwhile, several precious metals miners moved lower, with Pan American Silver Corp. (NASDAQ:PAAS) falling 2.44%, Kinross Gold Corporation (NYSE:KGC) declining 2%, and Hecla Mining Company (NYSE:HL) slipping 1.68%.
However, Iran’s Fars news agency, citing a source, challenged Trump’s description of the situation, saying there had been no direct or indirect communication with the United States. The report also said Trump stepped back from targeting Iranian power plants after Tehran warned it would strike power facilities across West Asia in retaliation.
The five-day pause in military action helped ease immediate fears of supply disruptions in the region, influencing commodity markets and related equities. Industrial metals such as copper often benefit when geopolitical risks decline, while gold and silver typically weaken as investors move away from safe-haven assets.
United States Antimony Corporation stock price