BUZZ-Copper miners down as supply concerns ease

Reuters
Aug 12
BUZZ-Copper miners down as supply concerns ease

** Shares of copper miners fall, tracking prices of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange down 0.4% at $9,722 a metric ton

** Copper prices slipped as Chile allowed mining to resume at Codelco's El Teniente mine and the dollar strengthened, while the market awaited more clues on the path of interest rates

** Copper miners: Southern Copper SCCO.N down ~3% and Freeport-McMoRan FCX.N falls marginally

** Canadian miners: Hudbay Minerals HBM.TO drops 1.6%, Ero Copper ERO.TO down 1.2% and Teck Resources TECKb.TO falls 1.7%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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