tradingkey.logo

BUZZ-Aussie copper miners fall on Trump's tariff threats, analysts' forecast cuts

ReutersJan 28, 2025 4:33 AM

** Shares of Australian copper miners fall after U.S. President Donald Trump said he would impose tariffs on aluminium and copper imports

** Stocks also pressured by analysts marking down forecasts for the metal's prices in 2025, citing uncertainty over Trump's tariffs, China's economy, and potential sticky inflation

** South32 S32.AX, which generated around 15% of its 2024 operating earnings from copper, down 4.7% to its lowest since mid-January

** Sandfire Resources SFR.AX falls 2.2% to lowest since Jan. 15

** ASX-listed shares of Capstone Copper CSC.AX drop 2%, trading at their lowest since mid-September

** Gold miner Newmont Corp NEM.AX, which also extracts copper, retreats 0.8%

** BHP Group BHP.AX and Rio Tinto RIO.AX, which are in a race to seize copper assets over the past few years, up 0.9% and 0.1%, as iron ore prices firm IRONORE/

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI