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