BUZZ-Metal stocks: Drop on China growth concerns

Tue Sep 22, 2015 11:46am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** U.S.-listed shares of metal miners down after metal prices tumbled to two-week lows amid jitters about economic growth and demand from top consumer China

** Copper down 4 pct at $5,062.50/tonne, aluminum down 1.8 pct at $1,587.00

** Zinc down 1.3 pct at $1,635.50, lead falls 1.7 pct to $1,676.50, Nickel down 2 pct at $9,670.00

** Shares of Rio Tinto Plc fall 4 pct; BHP Billiton Ltd 4.3 pct; Vale SA 7.3 pct; Vedanta Ltd 9.7 pct

** Shares of Teck Resources Ltd fall 8.8 pct; Freeport-McMoRan Inc 2.7 pct; Cliffs Natural Resources Inc 7.2 pct; HudBay Minerals Inc 7.8 pct

** Sinking aluminum prices and a ballooning surplus of the metal have deepened the industry's worst crisis in years, with a 25 pct drop since last September pushing prices to six-year lows

** Noranda Aluminum Holding Corp fall 12.3 pct; Century Aluminum Co 2.2 pct; Aluminum Corp of China Ltd 3.5 pct; Alcoa Inc 3.5 pct