Freeport McMoran down 8.07% in New York, while Newmont Mining down slightly 1.08%. Teck Resources also shed 7.8%, while Anglo American lost 6.96% in London.
Rio Tinto tumbled 6.5% both in New York and London.
Thursday, August 18, 2011
Metals Stocks Tumbled, Glencore Falls 10%
Theindonesiatoday.com - Metals stocks lost ground worldwide, led by Glencore's 10% downfall in London.
Oil Falls 7%, Dow Plummets 3.68%
Theindonesiatoday.com - Crude oil tumbled 7.17% to US$81.3 per barrel Thursday (August 18) on fears about global economy and euro zone debts.
Energy stocks dragged down worldwide accordingly. Xstrata, the world's largest thermal coal exporter shed 10.17% in London, while Peabody Energy, the world's largest thermal coal producer in the private sector, conceded 7.2% in New York.
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