Copper miners fall on White House hesitancy over tariff plan

Freeport-McMoRan

10/09/2026 13:06

** U.S.-listed shares of copper miners fall premarket, tracking prices of the red metal MET/L
** Benchmark three-month copper CMCU3 on London Metal Exchange slip 3.1% to $14,312 a metric ton, after touching a record high of $14,875 earlier in the session
** Prices fall after Reuters reports White House yet to decide on refined copper tariffs as officials assess concerns of higher prices raising manufacturing costs
** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N decline 3.8% and 4.2%, respectively
** Copper Miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N slide 6.5% and ~8%, respectively
** Canada's Hudbay Minerals HBM.N loses 6.2%, Ero Copper ERO.N down 5.6% and Teck Resources TECK.N slumps 7.7% 

 (Reporting by Pranav Mathur in Bengaluru)
 ((Pranav.Mathur@thomsonreuters.com;))