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<WIRE> Copper Miners Experience Decline Amid China's Post-Pandemic Recovery Pace



Copper miners are reporting a decrease in line with the lower prices of the red metal.

This news comes in the wake of the three-month benchmark copper on the London Metal Exchange falling by 1.3%, bringing figures down to $8,275.5 per tonne.

Copper costs have fallen and are looking at the largest weekly drop in a three month span.

This decline is driven by data showing a lackluster rebound in post-pandemic China.

Shares of global mining conglomerates Rio Tinto (ASX:RIO) and BHP Group experienced a dip of 0.9% and 0.6%, respectively.

Copper miners such as Southern Copper and Freeport-McMoRan also noted a decline, with figures of 1.5% and 2.1% respectively.

Canadian miners, including Hudbay Minerals, First Quantum Minerals, and Teck Resources also faced setbacks with a drop ranging between 1.2% and 1.8%.

Rio Tinto (ASX:RIO) is a global mining corporation.


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