BUZZ-Copper miners down as red metal prices edge lower
Hudbay Minerals Inc HBM | 0.00 | |
Ero Copper ERO | 0.00 | |
Rio Tinto plc Sponsored ADR RIO | 0.00 | |
Freeport-McMoRan, Inc. FCX | 0.00 | |
Southern Copper Corporation SCCO | 0.00 |
** U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal MET/L
** Benchmark three-month copper CMCU3 on London Metal Exchange down 1.4% at $13,410 a metric ton
** Copper prices fall tracking equity markets lower as escalating Middle East tensions spurred inflation concerns and cast a shadow over the demand outlook for industrial metals
** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 1.6% and 1.5%, respectively
** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 1.6% and 2.2%, respectively
** Canada's Hudbay Minerals HBM.TO, HBM.N slides 1.8%, Ero Copper ERO.TO, ERO.N down 2% and Teck Resources TECKb.TO, TECK.N falls 3.4%