U.K. Mining Stocks Fall, Led by Miners as Metal Prices Declineadmin
U.K. mining stocks declined, led by BHP Billiton and Rio Tinto Group, as metal prices fell.
The FTSE 100 Index fell 3.7, or 0.1 percent, to 5847.1 at 8:07 a.m. in London. The FTSE All-Share Index lost less than 0.1 percent to 2979.7. Ireland’s ISEQ Overall Index rose less than 0.1 percent to 7926.79.
BHP Billiton, the world’s largest mining company, slipped 13 pence, or 1.4 percent, to 921 pence, falling for a fifth consecutive day. Rio Tinto declined 18 pence, or 0.7 percent, to 2522 pence.
Copper in Shanghai tumbled for a third day, on concern that demand is cooling as global economic growth slows. Copper for October delivery on the Shanghai Futures Exchange fell as much as 3,580 yuan to 68,000 ($8,549) yuan a metric ton.