Shares in copper miner Taseko Mines (NYSEMKT: TGB) fell more than 9% as of 3 p.m. EDT today. Although Taseko's mining assets are nearly all in Canada (the company also has a U.S. project in Arizona), today's move is all about one country: China.
Moreover, it's not just about China; it's about the potential knock-on effect of the debt crisis at one of its largest property developers, China Evergrande Group . The market spent the weekend digesting speculation that Evergrande would default on its debt and then promptly sold the market off on Monday.
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Why Shares in Taseko Mines Are Crashing Today