Copper miner Antofagasta (LON:ANTO) saw its share price fall on Thursday morning, in the wake of weak factory data from China.
Factory output, fixed asset investment and retail sales in the world’s second-largest economy all fell short of analysts’ expectations, sending shares across Asia and Europe lower.
August industrial production rose 6 percent from one year ago, below the 6.6 percent forecast in a Reuters poll. Fixed asset investment increased by 7.8 percent from January to August, but missed a forecast of 8.2 percent.
The price of copper also fell on the news, with China being one of the world’s biggest consumers of the metal. It has fallen to 2.9280, after hitting over 3.1000 at the beginning of September.
Antofagasta shares have been negatively affected alongside the fall in copper prices, falling sharply since the beginning of the week alongside the price of the metal. Shares in the group are currently trading down 0.16 percent at 967.5, after a sharp slide on Wednesday.