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LUMI - Lundin Mining News Story

SEK104.3 -2.6  -2.4%

Last Trade - 06/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.59bn
Enterprise Value £6.98bn
Revenue £1.69bn
Position in Universe 117th / 1831

BUZZ-Copper miners rise after metal soars to two-month high

Fri 19th July, 2019 4:20pm
** Shares of copper miners rise after the metal surges to a
two-month high on investors ramping up bets that U.S. interest
rates will fall 
    ** Lower interest rates tend to push commodity prices higher
as they mean lower inventory financing costs 
    ** Three-month copper  CMCU3  traded up 1.6% at $6,077 a
tonne after touching $6,149, the highest since May 10. It had
risen 2.4% this week  urn:newsml:reuters.com:*:nL8N24K2UK
    ** Freeport-McMoran  FCX.N  up 3.4%, Southern Copper Corp
 SCCO.N  up 2.5%, Teck Resources  TECKb.TO  up 1%, Lundin Mining
 LUN.TO  up 4.5%, Hudbay Minerals  HBM.TO  up 5.2%

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2439, outside U.S. +91 80 6749 2439; Reuters Messaging:
shradha.singh@.thomsonreuters.com@reuters.net))
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