January 11, 2016 / 4:38 PM / 2 years ago

BUZZ-Copper miners plunge as metal prices touch lowest since 2009

1 Min Read

** Copper miners' shares fall as prices plummet to lowest in 6-1/2 years over concerns of slowing growth and demand in China

** Benchmark copper hit low of $4,381, levels not seen since May 2009

** Freeport-McMoran Inc's shares down 15 pct at $4.58 in morning trading; hit 15-year low of $4.55

** Fitch Ratings downgrades Freeport's Issuer Default Rating to "BBB-" from "BBB" along with FCX's senior unsecured debt

** Fitch also cuts rating outlook to "negative" from "stable"

** U.S.-listed miners: Cliffs Natural Resources Inc down 17 pct, Teck Resources Ltd 7.2 pct

** Toronto-listed miners also fall: First Quantum Minerals Ltd 10 pct, HudBay Minerals Inc 9.7 pct, Lundin Mining Corp 5 pct

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below