BUZZ-Copper miners gain after Chinese data raises demand hopes

Reuters
06-16
BUZZ-Copper miners gain after Chinese data raises demand hopes

** U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.2% at $9,660 a metric ton

** Copper prices edged up after higher consumer spending in China raised hopes of a boost to metals demand in the country

** Though China's factory output growth hit a six-month low in May, metals investors are focused on the better-than-expected retail sales

** Global mining giants Rio Tinto RIO.N and BHP Group BHP.N each rises ~1%

** Copper miners Southern Copper SCCO.N up marginally and Freeport-McMoRan FCX.N up 1.4%

** Canadian miners Hudbay Minerals HBM.N and Teck Resources TECK.N each up marginally and Ero Copper ERO.N gains 3.1%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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