BUZZ-Copper miners down as red metal prices edge lower
FCX•Copper miners fall as prices edge lower
- U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal MET/L
- Benchmark three-month copper CMCU3 on the London Metal Exchange is down 1.4% at $13,410 a metric ton
- Copper prices fall tracking equity markets lower as escalating Middle East tensions spurred inflation concerns and cast a shadow over the demand outlook for industrial metals
- Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 1.6% and 1.5%, respectively
- Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N are down 1.6% and 2.2%, respectively
- Canada's Hudbay Minerals HBM.TO, HBM.N slides 1.8%, Ero Copper ERO.TO, ERO.N down 2% and Teck Resources TECKb.TO, TECK.N falls 3.4%
(Reporting by Pooja Menon in Bengaluru)
