Copper miners dive as AI bubble fears hit

Hudbay Minerals

12/12/2025 17:38

** Shares of copper miners fall, tracking lower prices of the red metal MET/

** Benchmark copper CMCU3 on the London Metal Exchange down 3.5% to $11,415 a metric ton

** Copper prices plunge after hitting a record high earlier in the session, as renewed fears of the AI bubble bursting sparked a broad sell-off of riskier assets

** Global mining giants Rio Tinto RIO.N and BHP Group BHP.N dip ~3% each

** Southern Copper SCCO.N down ~3% and Freeport-McMoRan FCX.N falls 1.3%

** Canada's Hudbay Minerals HBM.TO down 1.6%, Teck Resources TECKb.TO falls 5.2% and Ero Copper ERO.TO fall ~4%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))