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By Ambar Warrick
Investing.com-- Major Australian mining stocks tumbled on Wednesday after Rio Tinto CEO Jakob Stausholm warned that copper prices are likely to face short-term pressure from steep inflation and supply chain disruptions.
Shares of BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO), the two largest miners in the country, sank 2.6% and 3.1%, respectively. The two are highly exposed to the copper market, although BHPâs sales of the red metal are greater.
Smaller copper mine...
>>> Read more: Australian Mining Stocks Sink After Rio Tinto CEO Warns on Copper
Investing.com-- Major Australian mining stocks tumbled on Wednesday after Rio Tinto CEO Jakob Stausholm warned that copper prices are likely to face short-term pressure from steep inflation and supply chain disruptions.
Shares of BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO), the two largest miners in the country, sank 2.6% and 3.1%, respectively. The two are highly exposed to the copper market, although BHPâs sales of the red metal are greater.
Smaller copper mine...
>>> Read more: Australian Mining Stocks Sink After Rio Tinto CEO Warns on Copper
