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BUZZ-Copper miners fall on lower price of red metal

Reuters
Jan 22
BUZZ-Copper miners fall on lower price of red metal

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

** Benchmark copper CMCU3 on the London Metal Exchange down 1% at $12,686 a metric ton

** Copper prices fall as exchange stocks rose and U.S. President Donald Trump retracted a threat to impose tariffs on countries opposed to his taking over Greenland MET/

** Global mining giants Rio Tinto RIO.N down 2.1% and BHP Group BHP.N down ~2%

** Southern Copper SCCO.N down 1.6%

** Freeport-McMoRan FCX.N down 2.5%, hurt by lower copper production in Q4

** Canada's Teck Resources TECKb.TO, TECK.N down 1.5% and Hudbay Minerals HBM.TO down marginally

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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