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Copper miners fall on strong US dollar

ReutersMar 3, 2026 11:33 AM

U.S.-listed shares of copper miners fall premarket, tracking prices of the red metal MET/L

Benchmark three-month copper CMCU3 fell 2.0% to $12,847 a metric ton after hitting $12,763.5, its lowest since February 19

Copper prices fall on stronger U.S. dollar

A stronger U.S. currency makes dollar-priced metals more expensive for buyers using other currencies

Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 5.5% and 6.4%, respectively

Copper miners Southern Copper SCCO.N down 7.2% and Freeport-McMoRan FCX.N fell 8.8%

Canada's Hudbay Minerals HBM.TO, HBM.N falls 7.3% and ERO Copper ERO.TO, ERO.N down 7.7%

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