0734 GMT - London's miners open lower Monday morning as oil prices rise and AI stocks tumble. Friday's U.S. consumer report also solidified expectations the Fed will increase interest rates, which could slow investment and cut demand for mined metals and minerals. Higher oil prices will eat into margins given miners are some of the world's largest consumers of diesel. Copper miner Antofagasta falls 2.4%. Glencore drops 2.01% while BHP's London-listed shares trade 1.7% lower. Rio Tinto's London shares are down 1.6%.
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