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Copper miners down after Trump threatens more attacks on Iran

ReutersApr 2, 2026 8:46 AM

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

Benchmark three-month copper CMCU3 on London Metal Exchange down 1.06% at $12,305 a metric ton

Copper prices fall for the first time in five sessions, weighed down by renewed concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline on ending the conflict

Shares of Global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 2.6% and 3.1%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 3.6% and 3.2%, respectively

Canada's Hudbay Minerals HBM.TO, HBM.N slides 4.2%, Ero Copper ERO.TO, ERO.N down 2.7% and Teck Resources TECKb.TO, TECK.N falls 4.1%

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