The strengthening of the US dollar led to a decline in metal prices, and copper miner stocks fell.

LootboxPhobia · 2026-03-03T14:49:18+00:00

US-listed copper miners' stock prices generally declined due to falling copper prices, with the benchmark copper price dropping 2% to $12,847, hitting a new low since February. The strengthening dollar has increased the cost of copper, causing prices to rise. Rio Tinto and BHP Billiton fell by 5.5% and 6.4% respectively, and other mining companies' stock prices also saw significant declines.

LootboxPhobia

2026-03-03 14:49:18

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Investing.com – During Tuesday’s pre-market trading, the stock prices of copper miners listed in the U.S. declined as red metal prices fell.

The benchmark three-month copper price dropped 2.0% to $12,847 per metric ton, after touching $12,763.5, the lowest since February 19.

The decline in copper prices is due to a strengthening dollar. A stronger dollar makes dollar-priced metals more expensive for buyers using other currencies.

Global mining giants Rio Tinto (NYSE: RIO) and BHP (NYSE: BHP) saw their stock prices fall by 5.5% and 6.4%, respectively.

Copper miner Southern Copper (NYSE: SCCO) dropped 7.2%, and Freeport-McMoRan (NYSE: FCX) fell 8.8%.

Canadian companies Hudbay Minerals (NYSE: HBM) declined 7.3%, and ERO Copper (NYSE: ERO) decreased by 7.7%.

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