BUZZ-Copper miners fall on recession fears

Reuters2025-04-04
BUZZ-Copper miners fall on recession fears

** Copper miners fall premarket, tracking price of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange down 2.6% to $9,121 a metric ton

** Copper prices fall as U.S. President Donald Trump's sweeping tariff plans sparked recession fears

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N drop 3.6% and 5.4%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 4.3% and 6.8%, respectively

** U.S. listed shares of Canadian miners Teck Resources TECKb.TO, TECK.N down 4.7%, Hudbay Minerals HBM.TO, HBM.N down 4.8% and Ero Copper ERO.TO, ERO.N down 4.3%

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

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