Economics

Metals Fall on Demand Concern as BHP Leads Drop in Mining Stocks

Strong economic data needed to push prices higher: Kingdom
BHP slides after being named in Brazilian dam-spill lawsuit

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Andre Janse Van Vuuren and Luzi-Ann Javier

May 4, 2016 at 2:13 AM UTC

Updated on

May 4, 2016 at 6:23 PM UTC

This article is for subscribers only.

Industrial metals extended declines after signs of flagging global economic growth rekindled demand concerns. BHP Billiton Ltd. led mining stocks lower after it was named in a $44 billion lawsuit over a dam disaster in Brazil.

Copper fell as much as 1.6 percent, and most contracts on the London Metal Exchange retreated as global equities weakened.