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Copper miners fall as Trump's latest tariffs fan recession fears

ReutersApr 3, 2025 3:12 PM

Copper miners extend premarket losses as price of the key metal slips on fears U.S. President Donald Trump's aggressive tariffs on key trading partners could fuel a global recession

Benchmark three-month copper CMCU3 on the London Metal Exchange down 2.7% to $9,441.5 per metric ton

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down ~5.06% and 7.8%, respectively

U.S.-listed shares of Canada's miners Teck Resources TECKb.TO TECK.N fall 7.6%, while Hudbay Minerals HBM.TO, HBM.N declines 6.2%

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N drop 1.2% and 2.07%, respectively

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