BUZZ-Copper miners gain as red metal rises on weak US dollar
Reuters
Feb 12
BUZZ-Copper miners gain as red metal rises on weak US dollar
** U.S.-listed shares of copper miners rise premarket, tracking prices of the red metal MET/L
** Benchmark three-month copper CMCU3 up 0.9% at $13,286 a metric ton
** Copper prices rise on weaker dollar and stronger appetite for risk across financial markets; however, gains were capped by rising inventories and weak Chinese demand
** Shares of global mining giant Rio TintoRIO.N up 1.3%
** Copper miners Southern CopperSCCO.N and Freeport-McMoRan FCX.N rise 1.2% each
** Canada's Hudbay Minerals HBM.TO, HBM.N and ERO Copper ERO.TO, ERO.N both up 1.1%
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com))
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