Copper miners are experiencing a drop, seeming to follow the trajectory of the red metal’s price.

The benchmark three-month copper, monitored on the London Metal Exchange, is down by 0.3% at $8,370 a tonne.

Copper prices have reversed earlier gains, influenced by a slower dollar decline following U.S.

inflation data.

This is in addition to enduring optimism for further stimulus measures from China.

Shares of mining industry leaders, Rio Tinto and BHP Group, listed in the U.S., have decreased by 1.1% and 0.2%, respectively.

Other copper miners like Southern Copper and Freeport-McMoRan are also down at 0.6% and 0.5%, respectively.

Canadian miners Ero Copper, First Quantum Minerals, Hudbay Minerals, and Teck Resources have experienced decreases ranging from 1.2% to 2.7%.

Rio Tinto is a global leader in the mining industry, dealing primarily with essential minerals including copper.