JJUB - Copper iron ore slide on weak Chinese demand after trade data

Global miners slide alongside prices for copper and iron ore following weaker than expected trade data from top consumer China that showed lackluster demand for raw materials.Imports to the world's biggest steel market slowed to 89.79M metric tons in May, well below the 98.57M tons China bought in April and 102.11M tons in March and marking the lowest level in a year.China's May steel exports plunged by a third from a month earlier to 5.27M metric tons.Also, Peru's election remains too close to call; Peru is the world's second-largest copper producer and presidential contender Pedro Castillo has promised to extract more taxes from multinational miners.Freeport McMoRan ([[FCX]] -2.8%) is one of today's biggest losers on the S&P 500, with other major miners trading broadly lower: [[SCCO]] -4.6%, [[CLF]] -2.6%, [[NUE]] -2.6%, [[X]] -2.1%, [[STLD]] -2.3%, [[AA]] -3.3%, [[HBM]] -5.2%, [[TECK]] -3.4%, [[RIO]] -2%, [[TRQ]] -2.7%, [[BHP]] -1.7%, [[VALE]] -1.3%.ETFs: [[COPX]],

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Copper, iron ore slide on weak Chinese demand after trade data