Mining Slump Pulls FTSE 100 Toward First Weekly Loss in Five

Copper prices tumbled this week, dragging London’s mining heavyweights down and snapping a five-week winning streak for the FTSE 100. By 1009 GMT, the blue-chip index had slipped 0.1% to 10,765.30 points, marking a rare moment of retreat in what has otherwise been a period of consistent market growth.

Editorial·August 14, 2026·reads: 1,345

Mining Slump Pulls FTSE 100 Toward First Weekly Loss in Five

The downward pressure on the mining sector overshadowed a resurgence among software and data firms, which rallied following news of a major industry acquisition. While the main index faces its first weekly dip, the midcap FTSE 250 offered a different picture, edging up 0.1% to 24,860.50 points. That index appears set to close the week largely unchanged, highlighting the divergent performance between resource-heavy stocks and the mid-market tech sector. Traders are now monitoring how these sector-specific trends resolve as the week draws to a close.