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Majors hit by copper, iron ore

While copper hardly rose during the Escondida and Grasberg shutdowns, the recommencement of operations at the two big red metal mines saw prices drop at the back end of last week.

Majors hit by copper, iron ore Majors hit by copper, iron ore Majors hit by copper, iron ore Majors hit by copper, iron ore Majors hit by copper, iron ore

Striking workers have picked their tools back up at Escondida in Chile

Add this to an iron ore price decrease – in line with falling hot rolled coil steel prices out of China – and it is hardly surprising mining’s global leaders were in for a weak trading patch.