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Mar 24 - 11:55 AM

Copper - Miners Gain On Higher Prices As Market Braces For Potential Trump Tariffs

By Tanay Dhumal  —  Mar 24 - 09:57 AM

• Shares of copper miners rise tracking higher price of the red metal

• Benchmark three-month copper on the London Metal Exchange up 1.7% at $10,027 a metric ton

• Copper prices rise as traders bought to ship to the United States, where President Donald Trump is threatening to impose tariffs on imports of the industrial metal

• U.S.-listed shares of global mining giants Rio Tinto

and BHP Group climb 1.8% and 1.3%, respectively

• Copper miners Southern Copper and Freeport-McMoRan up 4.1% and 2.8%, respectively

• Canadian miners Teck Resources up 2%, First Quantum Minerals up 1.5%, Hudbay Minerals up 3.7% and Ero Copper up 2%

(Reporting by Tanay Dhumal in Bengaluru)

((; Twitter: Click here))

Source:
London Stock Exchange Group | Thomson Reuters

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