Copper miners gain as prices edge up, holding below record high

U.S.-listed shares of copper miners are rising in premarket trading as benchmark three-month copper prices on the London Metal Exchange increase by 1.5% to $12,405 per metric ton. Copper prices have surged 41% this year due to supply concerns, a weaker dollar, and speculative buying. However, prices remain below record highs as investors take profits amid caution from end-users. Major mining companies like Rio Tinto and BHP Group saw increases of 1.4% and 1%, while Southern Copper and Freeport-McMoRan rose by 2% and 1.6%, respectively.