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TDUX
Jul 09 - 07:55 AM

Copper - Miners Gain As Red Metal Prices Edge Higher

By Pooja Menon  —  Jul 09 - 06:29 AM

• U.S.-listed shares of copper miners rise premarket, tracking gains in prices of the red metal [MET/L]

• Benchmark copper on London Metal Exchange up 2.1% at $13,437 a ton

• Prices dropped 1.5% on Wednesday on demand concerns after U.S. President Donald Trump said the memorandum of understanding with Iran to end the Gulf conflict was "over"

• Copper prices rebound on Thursday as the market hopes for another de-escalation in hostilities in the Gulf and the U.S. dollar dips after its recent surge

• Shares of global mining giant BHP Group rise 1.3%

• Miners Southern Copper up 1.8% and Freeport-McMoRan adds 1.6%

• Canada's Hudbay Minerals jumps 2.7% and Ero Copper adds 1.3%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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