BUZZ-Copper miners gain as red metal rises on weaker US dollar

Reuters
2026.01.02 12:11
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U.S.-listed shares of copper miners are rising in premarket trading, following a 0.8% increase in benchmark three-month copper prices on the London Metal Exchange, now at $12,519.50 per metric ton. This price rise is attributed to a weaker U.S. dollar. Major companies such as Rio Tinto and BHP Group saw gains of 1.1% and 1.4%, while Southern Copper and Freeport-McMoRan increased by 2.8% and 2.2%, respectively. Other notable increases include Hudbay Minerals (2.3%), Teck Resources (2.6%), and Ero Copper (2.5%).