BUZZ-Copper miners up on Chinese buying, hopes for trade deal

Reuters
07-18
BUZZ-Copper miners up on Chinese buying, hopes for trade deal

** U.S.-listed shares of copper miners up, tracking a rise in prices of the red metal MET/L

** Benchmark three-month copper on the London Metal Exchange CMCU3 up 0.7% to $9,735 per metric ton

** Prices rise to a more than one-week high, driven by Chinese buyers, hopes for a U.S.-China trade deal and higher risk appetite among other investors

** Global mining giants Rio Tinto RIO.N and BHP Group BHP.N up 1.2% and ~1%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N rise 1.4% and 1%, respectively

** Canadian miners Hudbay Minerals HBM.TO, HBM.N up 1.1% and Ero Copper ERO.TO, ERO.N gains 1.2%

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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