Copper miners fall on strong US dollar

Hudbay Minerals

03/03/2026 11:33

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

** Benchmark three-month copper CMCU3 fell 2.0% to $12,847  a metric ton after hitting $12,763.5, its lowest since February 19

** Copper prices fall on stronger U.S. dollar

** A stronger U.S. currency makes dollar-priced metals more expensive for buyers using other currencies

** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N fall 5.5% and 6.4%, respectively

** Copper miners Southern Copper SCCO.N down 7.2% and Freeport-McMoRan FCX.N fell 8.8%

** Canada's Hudbay Minerals HBM.TO, HBM.N falls 7.3% and ERO Copper ERO.TO, ERO.N down 7.7%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))