Antofagasta share price slips after UBS downgrade as copper cools from record highs
Antofagasta shares fell 3.65% to 3,648p Friday after UBS downgraded the stock and copper prices retreated 1.1% to $13,465 a tonne. The miner reported Q4 copper output up 9.4% but full-year production down 1.6%. Other major miners also dropped as metals cooled. A technical glitch halted LME trading for an hour.