Unexpected Industry Declines Amid the Iran War: Here's the Reason.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Source: Barron's
- Impact of War on ETF: The State Street SPDR S&P Metals & Mining ETF has experienced a significant decline since the outbreak of war in Iran.
- Percentage Drop: The ETF dropped nearly 6% from February 27, prior to the conflict, through the following Friday, according to FactSet data.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to rise
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 98.140
Low
89.00
Averages
110.85
High
125.00
Current: 98.140
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Trump's Negotiation Statement: President Trump stated that negotiations with Iran are ongoing and revealed a 15-point plan sent to Iran to end the war, which boosted market sentiment despite Iran's denial of direct talks.
See More
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See More
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See More
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- Oil Price Decline Impact: Following President Trump's comments about U.S.-Iran negotiations, Brent crude futures fell around 6% to $98.31 per barrel, while West Texas Intermediate futures dropped approximately 5%, reflecting market reactions to geopolitical developments.
- Market Volatility and Rate Expectations: Goldman Sachs noted that the recent pullback in gold prices aligns with historical trends, driven by rising interest rate expectations and market volatility, which have particularly affected gold-backed ETF demand.
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