BUZZ-Copper miners gain as price of red metal edges higher
XLB•Copper prices rise and miners follow
U.S.-listed shares of copper miners rose premarket, tracking gains in prices of the red metal MET/L.
Benchmark copper CMCU3 on the London Metal Exchange was up 0.4% at $13,601 a ton, its highest since June 23.
Copper prices rose to touch their strongest in three weeks on signs of firmer demand and shortages in China, as well as supply worries after more attacks in the Middle East.
Mining shares gain across the sector
Shares of global mining giants Rio Tinto RIO.N were up 2% and BHP Group BHP.N rose 1.7%.
Miners Southern Copper SCCO.N were up 1.3% and Freeport-McMoRan FCX.N added 1.4%.
Canada's Hudbay Minerals HBM.TO, HBM.N added 1.4%, Ero Copper ERO.TO, ERO.N gained 1.6% and Teck Resources TECKb.TO, TECK.N rose marginally.
