BUZZ-Copper miners rise as red metal climbs on strong demand outlook
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U.S.-listed copper miners' shares are rising in premarket trading as copper prices increase, driven by strong demand expectations, particularly from China and AI data centers. Benchmark three-month copper on the London Metal Exchange rose 1.6% to $13,205 per metric ton, nearing record highs. Major mining companies like Rio Tinto and BHP Group saw a 1% increase, while Southern Copper and Freeport-McMoRan rose 3.2% and 2.6%, respectively. Canadian miners Hudbay Minerals and Teck Resources also experienced gains of 2.7% and 3%.
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