Mining meltdown: Antofagasta, Glencore and Anglo American share prices plummet amid copper selloff

first_imgWednesday 14 January 2015 5:23 am Emma Haslett Tags: Anglo American Antofagasta Holdings Company Glencore Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndocenter_img Miners led the FTSE 100’s biggest fallers in morning trading after a sudden collapse in copper prices knocked oil off the top of the commodities watch list.The metal plunged by more than six per cent after the World Bank slashed its global growth forecast for 2015. Antofagasta was the biggest faller, with shares dropping more than nine per cent to 644p in mid-morning trading, while Glencore also fell nine per cent to 244p and Anglo American dropped 8.2 per cent to 1,051p.BHP Billiton also dropped, by 5.5 per cent to 1,281p, while Fresnillo fell five per cent to 789p and Rio Tinto tumbled 4.7 per cent to 2,782p.In a statement released overnight, the World Bank warned the US alone cannot drive global recovery, cutting its forecast for world economic growth for this year to three per cent, from 3.4 per cent in June. It also cut its forecast for next year, from 3.5 per cent to 3.3 per cent. It also slashed its forecast for Eurozone growth in 2015 to an anaemic 1.1 per cent, rising to 1.6 per cent in 2016. The organisation added that oil prices, which have plummeted more than 57 per cent since June, are likely to “lower inflation worldwide and [are] likely to delay interest rate hikes in rich countries”. Show Comments ▼ whatsapp Mining meltdown: Antofagasta, Glencore and Anglo American share prices plummet amid copper selloff last_img

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