Copper miners fall on China credit rating cut

Sigma Lithium

05/12/2023 14:58

** Copper miners fall, tracking lower prices of the precious
metal
    ** Benchmark copper  CMCU3  down 1.1% $8,348 a metric ton
after Moody's cut its outlook on top consumer China's credit
ratings to negative from stable while dollar firms  MET/L 
    ** U.S.-listed shares of mining giants Rio Tinto  RIO.L 
 RIO.N  and BHP Group  BHP.AX , BHP.N  both fall 0.5% 
    ** Freeport-McMoRan  FCX.N  and Souther Copper  SCCO.N  down
1.3% and 1.4%, respectively 
    ** Canadian miners First Quantum Minerals  FM.TO , Ero
Copper  ERO.TO , Teck Resources  TECKb.TO  and Hudbay Minerals
 HBM.TO  fall between 1.1% to 2.7%   

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))