Aussie copper miners fall on Trump's tariff threats, analysts' forecast cuts

Sandfire Resources

28/01/2025 04:33

** Shares of Australian copper miners fall after U.S.
President Donald Trump said he would impose tariffs on aluminium
and copper imports
    ** Stocks also pressured by analysts marking down forecasts
for the metal's prices in 2025, citing uncertainty over Trump's
tariffs, China's economy, and potential sticky inflation
    ** South32  S32.AX , which generated around 15% of its 2024
operating earnings from copper, down 4.7% to its lowest since
mid-January
    ** Sandfire Resources  SFR.AX  falls 2.2% to lowest since
Jan. 15
    ** ASX-listed shares of Capstone Copper  CSC.AX  drop 2%,
trading at their lowest since mid-September
    ** Gold miner Newmont Corp  NEM.AX , which also extracts
copper, retreats 0.8%
    ** BHP Group  BHP.AX  and Rio Tinto  RIO.AX , which are in a
race to seize copper assets over the past few years, up 0.9% and
0.1%, as iron ore prices firm  IRONORE/ 
    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))