Copper miners fall on rising inventories and strong dollar

Hudbay Minerals

05/02/2026 10:46

** U.S.- listed shares of copper miners fall in premarket trading, tracking prices of the red metal

** Benchmark copper CMCU3 on the London Metal Exchange down 0.9% at $12,925 per metric ton

** Copper prices extend losses as rising inventories and a stronger U.S. dollar heightened concerns about weakening demand MET/

** Global mining giants Rio Tinto RIO.N and and BHP Group BHP.N down ~3% and 3.2%, respectively

** Southern Copper SCCO.N drops 1%; Freeport-McMoRan FCX.N falls 1.3%

** Canada's Teck Resources TECKb.TO, TECK.N down marginally, Hudbay Minerals HBM.TO, HBM.N falls 1.5% and Ero Copper ERO.TO, ERO.N falls 2.1%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))