Global Copper Miners Head for Worst Quarter Since 2008
Photographer: Simon Dawson/Bloomberg
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Copper miners are poised for their worst quarter since 2008 after the coronavirus pandemic fueled demand fears for industrial metals and forced companies to curb mining operations.
The BI Global Copper Competitive Peers index has slumped 36% this quarter, led by Teck Resources Ltd., Hudbay Minerals Inc. and Freeport-McMoRan Inc., which are all down more than 50%.