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TDUX
Jun 15 - 07:55 AM

Copper - Miners Gain As Red Metal Prices Rise After US, Iran Deal

By Pooja Menon  —  Jun 15 - 05:41 AM

• Shares of copper miners rise premarket, tracking gains in prices of the red metal [MET/L]

• Benchmark copper on London Metal Exchange up 0.5% at $13,767 a ton, as of 0925 GMT

• Copper prices rise as a U.S.-Iran framework agreement to end their war and reopen the Strait of Hormuz eased energy-driven inflation fears and weakened U.S. dollar

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

up 1% and BHP Group rise 1.2%

• Miners Southern Copper and Freeport-McMoRan

each up 3.8%

• Canada's Hudbay Minerals jumps 4.8%, Ero Copper adds 3.2% and Teck Resources

up 4%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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