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Copper miners fall under pressure from tariffs

ReutersMar 10, 2025 4:53 PM

Shares of copper miners fall, tracking lower prices of the red metal

Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) fell 0.6% to $9,555 a metric ton, as the market focused on the negative consequences for global economic growth and industrial metals demand from U.S. import tariffs

U.S.-listed shares of global mining giants Rio Tinto RIO.N down marginally and BHP Group BHP.N fall 1%

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 3% and 6%, respectively

Canadian miners Hudbay Minerals HBM.TO down 5.6%, Teck Resources TECKb.TO fall ~6% and First Quantum FM.TO slips ~5%

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