Antofagasta stock slips after fresh 52-week high as copper cools and Q4 update looms
Antofagasta shares fell 2.1% to 3,696 pence in early London trading Tuesday, reversing Monday’s 5% surge. Copper prices dropped 1.1% after the Shanghai Futures Exchange said it would raise margin requirements. Other major miners, including Anglo American and Rio Tinto, also slipped. Antofagasta will report Q4 production on Jan. 29.