<AD>

<WIRE> Copper Miners Slide In Response to Weak Chinese Trade Data



Shares in copper miners began to decline as copper prices hit their lowest point in nearly a month, instigated by disappointing trade data from China.

The London Metal Exchange highlighted ongoing losses for copper for a third consecutive day, with a decrease of 1.9% to $8,323 per metric ton.

Recent data reveals that China’s import and export activity decreased considering more than anticipated in July, challenging growth prospects in the world’s second-largest economy.

U.S.-listed shares in Australian mining behemoths Rio Tinto (ASX:RIO) and BHP (ASX:BHP) fell 1.9% and 2.3% respectively.

U.S.-listed shares in Canadian mining corporation Teck Resources also slipped with a 2.9% fall.

Concurrently, Southern Copper and Freeport-McMoRan saw a slide of 2.7% and 3.5% respectively.

Rio Tinto (ASX:RIO) is an international mining company specializing in a variety of mined commodities including diamonds, coal, and copper.


View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account


Supported by

<SPON> Trade share CFDs with Plus500



Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.

LINK


Subscribe to the newsletter

Receive whispers every day in your inbox.