Copper miners down as red metal falls on oil surge

Hudbay Minerals

19/03/2026 14:15

Updates

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

** Benchmark three-month copper CMCU3 on the London Metal Exchange down 3.8% at $11,925 a ton, after dropping to $11,754 per ton earlier, its lowest since December 19

** Copper prices sink to three-month low on worries that surging oil prices will hit global growth when the market is already swamped with plentiful inventories

** U.S.-listed shares of global mining giants: Rio Tinto RIO.N falls 4.1%; BHP Group BHP.N down 3.2%

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 6.5% and 6.4%, respectively

** Canada's Hudbay Minerals HBM.TO slides 10.4%, Ero Copper ERO.TO down 9.3% and Teck Resources TECKb.TO falls 7.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))