U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal (MET/L)
Benchmark copper (CMCU3) on London Metal Exchange up 1.4% at $11,670 a metric ton Copper prices rise as some traders rolled forward positions ahead of a contract expiry this week, helping the market to set aside weak data and worries about the property sector in top consumer China for now
Copper hit a record high of $11,952 a metric ton on Friday on worries about tight supply and then saw a selloff amid renewed fears of the AI bubble bursting
Miner Southern Copper (SCCO.N) up 2.5% and Freeport-McMoRan (FCX.N) gains 1.9%
Canada’s Hudbay Minerals (HBM.TO) (HBM.N) rises ~2%, Ero Copper (ERO.TO) (ERO.N) adds 5.3% and Teck Resources (TECKb.TO) (TECK.N) up 1.8%

SCCO

TECK

Copper miners' stocks rise as copper prices increase due to short-covering. Benchmark copper on the London Metal Exchange is up 1.4% at $11,670 per metric ton. Southern Copper, Freeport-McMoRan, Hudbay Minerals, Ero Copper, and Teck Resources see gains in their stock prices.

BUZZ-Copper miners gain as red metal prices rise on short-covering