Copper miners fall as investors book profits

Hudbay Minerals

30/01/2026 14:49

** Shares of copper miners rise, tracking higher prices of the red metal

** Benchmark copper CMCU3 on the London Metal Exchange down 1.3% at $13,440 per metric ton

** Prices dip on a stronger dollar and profit-taking as some investors lock in gains after the previous session's record high MET/

** Global mining giants Rio Tinto RIO.N and BHP Group BHP.N both down 2.2%

** Southern Copper SCCO.N drops 3.3%; Freeport-McMoRan FCX.N falls ~6%

** Canada's Teck Resources TECKb.TO down 4.2%; Hudbay Minerals HBM.TO plunges 6.3%; Ero Copper ERO.TO falls ~6%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))