BUZZ-Copper miners fall on upcoming US-China trade talks optimism

Reuters
05/07
BUZZ-Copper miners fall on upcoming US-China trade talks optimism

** U.S.-listed shares of copper miners fall premarket, tracking lower price of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.AU)$ down 0.8% at $9,462 a metric ton

** Copper prices fell on subdued expectations that an upcoming meeting between key U.S. and Chinese officials will yield an immediate outcome after months of escalating trade tensions

** U.S. and Chinese representatives will meet this weekend for talks that could be the first step toward resolving a trade war which pushed import duties between the world's two largest economies well above 100%

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 1.7% and 1%, respectively

** Canadian miners Ero Copper ERO.N falls marginally and Hudbay Minerals HBM.N down 1%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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