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Miners get second helping of COVID blues

After a strong summer, shares in some of the world’s major mining companies have dipped in recent days, with US investment bank Jefferies pointing to the recent spate of COVID lockdowns as a sign prices could fall further in the near term.

Miners get second helping of COVID blues Miners get second helping of COVID blues Miners get second helping of COVID blues Miners get second helping of COVID blues Miners get second helping of COVID blues

Countries in the northern hemisphere face a challenging winter as COVID-19 cases continue to rise

Miners posting negative total shareholder returns in the month to date include Freeport-McMoran (-8.7%), First Quantum (-13.7%), MMG (-8.3%), Fortescue Metals Group (-9.3%), Anglo American (-1.