Copper miners down as red metal falls after Middle East flare-up

Hudbay Minerals

08/07/2026 11:41

** U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal MET/L
** Benchmark three-month copper CMCU3 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 RIO.N and BHP Group BHP.N fall 3.5% and 3%, respectively
** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 3.9% and 2.6%, respectively
** Canada's Hudbay Minerals HBM.TO, HBM.N slide 3%, Ero Copper ERO.TO, ERO.N down marginally and Teck Resources TECKb.TO, TECK.N falls 4.5%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))