Freeport-McMoRan and Teck Resources led a broad sell-off in copper miners after benchmark prices dropped 3.1% from record levels amid uncertainty over U.S. trade policy.
Southern Copper dropped 6.5% as copper pulled back from record.
Freeport-McMoRan fell 8%, leading copper mining losses after record copper high reversed.
Teck Resources fell 7.7% after copper prices dropped from record.
BHP Group shares declined 4.2% amid the drop in copper prices.
Hudbay Minerals declined 6.2% due to retreating copper prices.
Ero Copper lost 5.6% as copper market pulled back.
Rio Tinto shares fell 3.8% in premarket as copper prices retreated from record high.
U.S.-listed copper mining stocks tumbled in premarket trading Thursday as copper prices pulled back from record highs. The decline follows reports that the White House is weighing potential tariffs on refined copper, sparking concerns over manufacturing costs and market volatility.
Mining stocks are declining because copper prices retreated from record highs, coupled with investor uncertainty regarding potential U.S. tariffs on refined copper.