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TDUX
Sep 10 - 11:55 PM

Copper - Jiangxi Copper Leads Slide In HK-Listed Miners As Metal Prices Dip

By Donny Kwok  —  Sep 10 - 10:39 PM

• Shares of Jiangxi Copper drop 11.2% to HK$34.18, lowest level since July 30, leading a slide in Hong Kong-listed mining stocks as metal prices dip

• Stock last down 10%, set for biggest one-day pct decline since June 23; top pct loser in Hang Seng Composite Index on materials stocks , which is down 5.5%

• Copper prices fell on Thursday after Reuters reported White House has yet to decide on refined copper tariffs as officials assess concerns higher prices could raise manufacturing costs

• Gold prices also lingered near one-week low on Friday as expectations of a U.S. rate hike strengthened, with attention turning to U.S. CPI data later in the day

• Shares of miners MMG and CMOC Group drop 9.8% and 10.1%, respectively

• Zijin Mining and China Nonferrous Mining Corp

fall 7.3% and 7.6%

• Shanghai-listed stocks of Zijin Mining , CMOC , and Jiangxi Copper fall 6.7%, 6.9% and 9.3%

(Reporting by Donny Kwok)

Source:
London Stock Exchange Group | Thomson Reuters
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