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First Quantum Minerals Down 7.5% As Copper Retreats With Economic Growth Prospects

Highs and Lows Stock Data

With traders seeing the global economy closer to the tipping point for another downturn, economic-sensitive commodities such as copper and stocks of copper miners are down sharply today, paced by a 7% decline for First Quantum Minerals Ltd (FM.TO).

First Quantum shares sank as low as $22.26 a share, down $1.94, before springing back about 50 cents a share only to soon begin drifting lower again. The drop erased two days of gains yesterday and on Wednesday although the stock appears to establishing a floor well above its session lows earlier in the week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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