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BUZZ-Australia's copper miners fall as Trump plans 50% tariffs on copper imports

Reuters
07-09
BUZZ-Australia's copper miners fall as Trump plans 50% tariffs on copper imports

** Shares of Australian copper stocks fell on U.S. President Donald Trump's tariff announcement

** Trump said he would impose a 50% tariff on imported copper

** Prices of the commodity also slipped on Tuesday as Trump tariff worries triggered selling MET/L

** Australian copper stocks such as Sandfire Resources SFR.AX lost as much as 10.8%, hitting its lowest level since May 9

** ASX-listed shares of Capstone Copper CSC.AX shed as much as 3.6%, hitting lowest level since June 26

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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