BUZZ-Copper miners gain on higher prices as market braces for potential Trump tariffs

Reuters
03-24
BUZZ-Copper miners gain on higher prices as market braces for potential Trump tariffs

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

** Benchmark three-month copper CMCU3 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 RIO.N and BHP Group BHP.N climb 1.8% and 1.3%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 4.1% and 2.8%, respectively

** Canadian miners Teck Resources TECKb.TO up 2%, First Quantum Minerals FM.TO up 1.5%, Hudbay Minerals HBM.TO up 3.7% and Ero Copper ERO.TO up 2%

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

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