Australian copper miners fall as metal loses sheen on Mideast concerns

Capstone Copper

09/04/2026 05:46

** Shares of Australian copper miners fall, while the broader benchmark .AXJO trades little changed

** Copper prices slip from a three-week peak as renewed Middle East tensions cast doubt on whether the U.S.-Iran ceasefire would hold, reviving concerns over the global growth outlook MET/L

** Canada-based miner Capstone Copper's ASX-listed shares CSC.AX fall as much as 4.2% to A$11.93, post their biggest intraday pct loss since March 27

** Sandfire Resources SFR.AX falls as much as 5.4% to A$17.16, on track for its biggest one-day decline since March 23

** Miner also flags FY26 copper equivalent production to be at lower end of forecast range

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))