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TDUX
Jul 14 - 07:55 AM

Copper - Miners Gain As Price Of Red Metal Edges Higher

By Pooja Menon  —  Jul 14 - 06:25 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 0.4% at $13,601 a ton, its highest since June 23

• Copper prices rise to touch their strongest in three weeks on signs of firmer demand and shortages in China, as well as supply worries after more attacks in the Middle East

• Shares of global mining giants Rio Tinto up 2% and BHP Group rise 1.7%

• Miners Southern Copper up 1.3% and Freeport-McMoRan adds 1.4%

• Canada's Hudbay Minerals adds 1.4%, Ero Copper gains 1.6% and Teck Resources

up marginally

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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