Advertisement
UK markets closed
  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     
  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     
  • CRUDE OIL

    79.13
    -2.80 (-3.42%)
     
  • GOLD FUTURES

    2,333.40
    +30.50 (+1.32%)
     
  • DOW

    38,282.33
    +466.41 (+1.23%)
     
  • Bitcoin GBP

    46,965.84
    -863.92 (-1.81%)
     
  • CMC Crypto 200

    1,215.31
    -123.75 (-9.23%)
     
  • NASDAQ Composite

    15,848.33
    +190.51 (+1.22%)
     
  • UK FTSE All Share

    4,418.60
    -11.65 (-0.26%)
     

BUZZ-UK miners: weak copper takes toll

** Mining stocks among top fallers on the FTSE, with BHP and Anglo American (LSE: AAL.L - news) dropping 2.6 pct and 4 pct respectively

** Stoxx Basic Resources index down 1.8 pct on the day and -15 pct YTD

** Copper lost ground on Monday, dragged by expectations of a firm U.S (Other OTC: UBGXF - news) . dollar and concerns about demand in top consumer China

** Anglo American, the world's fifth-biggest miner by market value, down after its South African unit Anglo American Platinum flagged a sharp fall in FY earnings

** London-listed mining companies have been hit by plummeting commodity prices, forcing them to slash jobs, costs, capital expenditure and dividends

ADVERTISEMENT

** Other notable decliners: Rio Tinto (LSE: RIO.L - news) , Antofagasta (LSE: ANTO.L - news) , Glencore (Xetra: A1JAGV - news) top losers on Britain's FTSE 100 , all down between 2.5-3 pct

** Miners v FTSE 100 chart: http://bit.ly/1QnyNkd (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net; RM: venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)