BUZZ-Copper miners rise as US dollar weakens

Reuters
04 Dec 2024
BUZZ-Copper miners rise as US dollar weakens

** Shares of copper miners up, as price of red metal touched its highest in almost two weeks

** Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.UK)$ up 1.3% at $9,113 a metric ton at 1430 GMT (09:30 a.m. ET) after touching $9,154 a metric ton for its highest since Nov. 20

** Copper prices jumped as the dollar weakened, offsetting concern over economic growth in top metals consumer China and uncertainty surrounding trade tariffs

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 1% and 0.6%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.1% and 0.9%, respectively

** Canadian miners Ero Copper ERO.TO rises 1.1%, Hudbay Minerals HBM.TO up 2.5% and Teck Resources TECKb.TO rises 1%

(Reporting by Pooja Menon in Bengaluru)

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

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