BUZZ-Copper miners gain as red metal hits record high
Reuters
Jan 14
BUZZ-Copper miners gain as red metal hits record high
**Shares of copper miners rise, tracking gains in red metal prices MET/L
** Benchmark three-month copper on London Metal Exchange CMCU3 up 0.4% at $13,218 per metric ton, after touching a record $13,407 earlier in the session
** Prices rise on persistent demand from speculative funds, but some investors wary that rally will deter industrial buying
** U.S.-listed shares of global mining giants: Rio TintoRIO.N up 2.5%; BHP Group BHP.N gains 2.3%
** Southern CopperSCCO.N gains 2.6%; Freeport-McMoRan FCX.N up marginally
** Canadian miners: Teck Resources TECKb.TO up 2.2%; Hudbay Minerals HBM.TO gains 1.4%
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.