OZ Minerals Slumps on Speculation of Output Cut: Sydney Mover
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OZ Minerals Ltd., Australia’s third-biggest copper producer, fell the most in almost four years on speculation it will miss its output target this year, said Chris Weston, chief market strategist at IG Markets Ltd.
The stock fell 9.8 percent to A$6.71 at the close of trading in Sydney, its biggest drop since February 2009. The benchmark stock index rose 0.5 percent.