BUZZ-Copper miners fall on strong US dollar

Reuters
Yesterday
BUZZ-Copper miners fall on strong US dollar

** 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))

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