European miners drop as copper slides on oil-driven inflation fears

Boliden AB

19/03/2026 08:38

** Shares in European copper miners drop on Thursday as copper hit its two-month low, pressured by rising oil prices, inflation concerns and a more hawkish U.S. Federal Reserve outlook

** The European Basic Resources index .SXPP falls 3.7% in early trading

** Among single stocks, Boliden BOL.ST, Anglo American AAL.L and KGHM KGH.WA fall more than 4%

** UK's Antofagasta ANTO.L shares fall 5.9% to their lowest in two months

** Copper also weighed down by rising LME inventories, which have climbed to their highest since 2019

 (Reporting by Jesus Calero)

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