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Commodities

Copper Price Plunge Sends HudBay Minerals Inc Stock into Tailspin

Guavy AI Editorial Team
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Copper
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HudBay Minerals Inc saw its stock price plummet by 7.43% to close at CA$36.86 on September 10, reflecting broader concerns in the copper market.

The decline was mainly driven by a significant pullback in copper prices, which fell 3.1% to CA$14,312 per metric ton after reaching a record high earlier.

This sudden drop prompted investors to reassess their positions, leading to a selloff in mining stocks across the board.

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