Copper miners down as red metal slides to over three-month low

Hudbay Minerals

23/03/2026 10:30

** U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal MET/L

** Benchmark three-month copper CMCU3 on the London Metal Exchange down 1.6% at $11,742/ton, following a 1.9% drop earlier in the session, its lowest since December 19

** Copper prices slid to more than three-month lows as fresh escalation in the Middle East war pushed oil prices higher

** Global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 2.8% and 1.6%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 3.1% and 3.3%, respectively

** Canada's Hudbay Minerals HBM.TO, HBM.N slides 3.7%, Ero Copper ERO.TO, ERO.N down 3.9% and Teck Resources TECKb.TO, TECK.N falls 4.5%

 (Reporting by Pooja Menon in Bengaluru)

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