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May 16 - 11:55 AM

Copper - Miners Fall On Softer Demand For Red Metal

By Katha Kalia  —  May 16 - 10:27 AM

• Shares of copper miners fall, tracking prices of the red metal [MTL/]

• Benchmark three-month copper on the London Metal Exchange down 0.8% at $9,501.50 a metric ton

• Prices fall as softer demand from price-sensitive consumers, such as China, pushed the growth-dependent metal down from its recent highs, sparked by the 90-day U.S.-China trade truce

• U.S.- listed shares of global mining giants Rio Tinto

and BHP Group fall 1.2% each

• Copper miners Southern Copper and Freeport-McMoRan down 3% and 3.2%, respectively

• Shares of Canadian miners Hudbay Minerals and Teck Resources dip 3.5% and 3%, respectively
(Reporting by Katha Kalia in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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