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Apr 24 - 03:55 PM

Copper - Miners Rise On Dollar-Driven Gains Amid Tariff Uncertainity

By Sumit Saha  —  Apr 24 - 01:39 PM

• Shares of copper miners rise as prices of the red metal increase on a weaker U.S. dollar, even as uncertainty over U.S. tariffs remained

• Benchmark three-month copper on the London Metal Exchange up 0.4% at $9,418 a metric ton after hitting a peak of $9,481.50 in the previous session to touch its highest since April 3

• A weaker U.S. currency makes dollar-priced commodities such as copper less expensive for buyers using other currencies

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

and BHP Group rise 2.5% and 1.7%, respectively

• Copper miners Southern Copper up 3.8%; and Freeport-McMoRan up 6.1% after posting Q1 results

• Shares of Canadian miners Hudbay Minerals up 4.5% and Teck Resources rise 5.1%
(Reporting by Sumit Saha in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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