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Why Shares in Taseko Mines Are Crashing Today

TheMotleyFool

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Why Shares in Taseko Mines Are Crashing TodayPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

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.

Image source: Getty Images.

Source Fool.com

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