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Majors, commodities lower

Trade tensions weighed on commodities and mining equities and prompted US motorbike manufacturer Harley-Davidson to announce it would shift some production overseas in response to EU tariffs.
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Trade tensions cloud over mining majors on markets

Staff reporter

Bellwether metal copper was lower again on the London Metal Exchange, as was zinc, nickel, tin and aluminium.

The spot gold price is slightly lower than this time yesterday, around US$1,263 an ounce.

Mining majors were lower around the globe, with Freeport-McMoRan (NYSE: FCX) down 4.26% and metals and miners on London's FTSE100 index down 3.87% yesterday with Glencore down 4.69%.

On the S&P/TSX Composite Index, metals and miners were down 2.23% yesterday.

Among the diversifieds, Hudbay Minerals (TSX: HBM) was worst hit, down 6.26%.

The only gold stock to close higher on the index was Detour Gold (TSX: DGC), up 3.37%. It has been in the headlines in recent days after its board was urged to consider a sale of the company by Paulson & Co.

Junior lithium hopefuls were on the rise though on the TSX Venture Exchange, where Marifil Mines (TSXV: MFM) was up 31.25% and Ultra Lithium (TSXV: ULI) rose 27.5%.

Finally, BHP (ASX: BHP) was close to 1.4% lower today in afternoon Australian trade.