Mining Stocks Are the Latest Victim of the Commodities Rout

A gold miner in Northern Ireland
Photographer: Matthew Lloyd/Bloomberg

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By Jesse Riseborough, Thomas Biesheuvel and Agnieszka de Sousa

July 22, 2015 at 1:20 PM UTC

Updated on

July 22, 2015 at 4:42 PM UTC

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The selloff that started in gold is now spreading to every part of the metals industry.

BHP Billiton Ltd. the world’s biggest mining company, led declines in London trading, slumping 5.7 percent to its lowest since March 2009. Freeport-McMoRan Inc. and Teck Resources Ltd. lost more than 3 percent in U.S. trading. Swiss commodities trader and miner Glencore Plc fell to the lowest closing price since its 2011 initial public offering.