Mining Stocks Sinking Along With Copper (FCX, SCCO)

Shares of miners Freeport McMoRan FCX and Southern Copper Corp SCCO are coming under significant selling pressure currently as copper futures have plunged 2.14% in early trading; with most of it coming within the past fifteen minutes. Shares of Freeport had been up as much as 2% at one point but have since pushed into negative territory; currently trading down 0.50% to $54. Southern Copper which had been up over 1% has taken a larger hit, now trading down 1.24% to $39.93.