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May 30 - 01:55 PM

Copper - Miners Fall On Stronger US Dollar

By Sumit Saha  —  May 30 - 12:40 PM

• Shares of copper miners down, tracking prices of the red metal

• Benchmark three-month copper on the London Metal Exchange lost 0.6% to $9,510 a metric ton

• Copper prices slipped under pressure from a stronger U.S. dollar, but remained on course for their biggest monthly rise in eight months due to tighter nearby supply

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

and BHP Group down 1.7% and 1.3%, respectively

• Copper miners: Southern Copper falls 2.6%, and Freeport-McMoRan down 2.9%

• Canadian miners: Both Hudbay Minerals and Teck Resources dip 2.2%, Ero Copper down 1.2%
(Reporting by Sumit Saha in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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