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Jul 08 - 08:55 AM

Copper - Miners Down As Red Metal Falls After Middle East Flare-Up

By Pooja Menon  —  Jul 08 - 06:42 AM

• U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal [MET/L]

• Benchmark three-month copper on London Metal Exchange down 1.2% at $13,210 a metric ton

• Copper prices dip after fresh hostilities in the Middle East threatened an interim ceasefire deal, reviving worries about economic growth and the supply of metals

• Shares of global mining giants Rio Tinto and BHP Group fall 3.5% and 3%, respectively

• Copper miners Southern Copper and Freeport-McMoRan down 3.9% and 2.6%, respectively

• Canada's Hudbay Minerals slide 3%, Ero Copper down marginally and Teck Resources

falls 4.5%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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