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Copper miners fall on upcoming US-China trade talks optimism

ReutersMay 7, 2025 12:55 PM

U.S.-listed shares of copper miners fall premarket, tracking lower price of the red metal

Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) down 0.8% at $9,462 a metric ton

Copper prices fell on subdued expectations that an upcoming meeting between key U.S. and Chinese officials will yield an immediate outcome after months of escalating trade tensions

U.S. and Chinese representatives will meet this weekend for talks that could be the first step toward resolving a trade war which pushed import duties between the world's two largest economies well above 100%

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 1.7% and 1%, respectively

Canadian miners Ero Copper ERO.N falls marginally and Hudbay Minerals HBM.N down 1%

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