BUZZ-Copper miners gain as US dollar weakens

Reuters
03-26
BUZZ-Copper miners gain as US dollar weakens

** Shares of copper miners up, as copper prices extend gains to a five-month peak

** Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.AU)$ up 1.4% at $10,095/metric ton, the strongest since October 3, after gaining 1% on Monday

** Copper prices rose as traders kept up speculative buying based on expected U.S. tariffs and the dollar weakened after U.S. data

** Softer U.S. dollar makes commodities priced in the U.S. currency less expensive for buyers using other currencies

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 1.3% and 1%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 2.2% and 3.6%, respectively

** Shares of Canadian miners Hudbay Minerals HBM.TO up 2.3% and Teck Resources TECKb.TO rise 1.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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