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Shares of copper miners fall after prices dip on strong US dollar

ReutersNov 3, 2025 4:53 PM

Shares of copper miners fall, tracking price of red metal MET/L

Benchmark three-month copper CMCU3 on the London Metal Exchange down 0.2% at $10,891/metric tonne

Prices fall as slowing manufacturing activity in top consumer China, along with stronger dollar weighing on sentiment, while mounting concerns about supplies helped provide some price support

Copper touched record high of $11,200 last week on worries about shortages

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N slump 1.6% and 1.8%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 2.4% each

Canadian miners First Quantum Minerals FM.TO, Ero Copper ERO.TO, Hudbay Minerals HBM.TO and Teck Resources TECKb.TO down between 1.3% and ~4.4%

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