Copper miners fall as red metal slips on US-Iran ceasefire doubts

Hudbay Minerals

20/04/2026 13:03

** 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 falls 0.8% to $13,237 a metric ton

** Copper prices down as the Strait of Hormuz closed to marine traffic once more and a fragile ceasefire between Iran and the U.S. looked in jeopardy, reigniting fears over economic growth

** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 1% and 1.3%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down marginally and 1.7%, respectively

** Canada's Hudbay Minerals HBM.TO, HBM.N slides 1.7%, Ero Copper ERO.TO, ERO.N down 2.4% and Teck Resources TECKb.TO, TECK.N falls 1.1%

 (Reporting by Pooja Menon in Bengaluru)

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