proactiveinvestors.co.uk
Mining stocks slide as surging dollar and copper price slump hammer Anglo American and Antofagasta
Big-cap miners fell sharply on Monday as a strengthening US dollar and risk-off sentiment triggered by the Iran conflict weighed on industrial metals Shares in major London-listed mining companies fell sharply on Monday, with Anglo American PLC (LSE:AAL) and Anglo American PLC (LSE:AAL)among the hardest hit as a surging US dollar and a slump in copper prices rattled investors. Anglo, the FTSE 100 diversified miner, fell 5.7%, while Antofagasta, the Chilean copper producer, dropped 5.5% in early trading.
