Copper miners gain on Chinese shortages and Iran peace hopes - FCX News | RalliesCopper miners gain on Chinese shortages and Iran peace hopes
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FCX• Copper miners rise as prices of the red metal climb
- U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal MET/L
- Benchmark three-month copper CMCU3 on the London Metal Exchange up 1.7% to $13,851 a metric ton
- Copper prices supported by firm demand in top consumer China, declining inventories and hopes that mediators can revive a ceasefire in the Iran war
- Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N gain 1.4% and ~3%, respectively
- Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 3.4% and ~4%, respectively
- Canada's Hudbay Minerals HBM.TO, HBM.N up 4%, Ero Copper ERO.TO, ERO.N advances ~6% and Teck Resources TECKb.TO, TECK.N gains ~2%
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Amex Halt CPHI.A Add Info Lst 3.720000
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