Copper miners fall on rising inventories

Hudbay Minerals

10/02/2026 14:53

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

** Benchmark copper CMCU3 on the London Metal Exchange down 0.6% at $13,093 per metric ton

** Copper prices fall, pressured by rising inventories and muted trading activity ahead of the Lunar New Year break MET/

** Global mining giant Rio Tinto RIO.N down ~1%

** Southern Copper SCCO.N drops ~3%; Freeport-McMoRan FCX.N falls 2%

** Canada's Teck Resources TECKb.TO down ~1%, Hudbay Minerals HBM.TO falls 3.6% and Ero Copper ERO.TO  falls ~4%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))