BUZZ-Copper miners fall as red metal prices slip from three-month peak on Chinese data

Reuters
06-27
BUZZ-Copper miners fall as red metal prices slip from three-month peak on Chinese data

** Shares of copper miners fall, tracking red metal's prices

** Benchmark three-month copper CMCU3 on the London Metal Exchange down 0.5% to $9,850.50 per metric ton, having hit $9,917 a metric ton, its highest since March 27

** Copper prices slipped from a three-month peak after weak data in top metals consumer China and some profit-taking, but losses were modest due to underlying tightness and buoyant premiums

** Copper miners: Southern Copper SCCO.N fall 1.5% and Freeport-McMoRan FCX.N down ~1%

** Canadian miners: Hudbay Minerals HBM.TO declines 1.4%, Teck Resources TECKb.TO down ~1% and Ero Copper ERO.TO shares fall 1.3%

(Reporting by Sumit Saha in Bengaluru)

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

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