BUZZ-Copper miners gain on Chinese shortages, eroding inventories
Hudbay Minerals Inc HBM | 0.00 | |
Ero Copper ERO | 0.00 | |
Rio Tinto plc Sponsored ADR RIO | 0.00 | |
Freeport-McMoRan, Inc. FCX | 0.00 | |
Southern Copper Corporation SCCO | 0.00 |
Updates
** Shares of copper miners rise, tracking higher prices of the red metal MET/L
** Benchmark three-month copper CMCU3 on the London Metal Exchange rises 1.5% to $13,826.50 a metric ton
** Copper prices lifted by firm demand in top consumer China and sharp declines in inventories
** 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 4.3% and ~5%, respectively
** Canada's Hudbay Minerals HBM.TO, HBM.N up ~8%, Ero Copper ERO.TO, ERO.N advances 6% and Teck Resources TECKb.TO, TECK.N gains ~2%