BUZZ-Copper miners fall as US dollar climbs

Reuters11-14 01:38

** Copper miners fall, as prices hit a two-month low

** Benchmark three-month copper on the London Metal Exchange $(LME.UK)$ down 2% at $9,144.50 a metric ton at 1725 GMT (12:25 p.m. ET)

** Copper prices down as the dollar climbed after the release of key US inflation data, while weak demand prospects in top consumer China also dominated the mood

** U.S.-listed shares of global mining giants Rio Tinto

and BHP Group fall 1.1% and 0.8%, respectively

** Copper miners Southern Copper and Freeport-McMoRan down 1.1% and 0.7%, respectively

** Canadian miners Ero Copper falls 2.2%, First Quantum Minerals down 3.5% and Teck Resources down 2.7%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment