BUZZ-Copper miners gain on US tariff exemptions, China stimulus hopes

Reuters
04-14
BUZZ-Copper miners gain on US tariff exemptions, China stimulus hopes

** Shares of copper miners up premarket, tracking prices of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 1% at $9,246 a metric ton, after hitting $9,271.5 a metric ton for its highest since April 4

** Copper prices rose as some exemptions from U.S. tariffs and hopes that top metals consumer China would unroll more stimulus measures improved the broad risk sentiment

** U.S.-listed shares of global mining giants Rio Tinto BHP.N rise ~1% and 1.6%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.9% and 2.4%, respectively

** U.S.-listed shares of Canadian miners Hudbay Minerals HBM.N and Teck Resources TECK.N rise 3% each

(Reporting by Pooja Menon in Bengaluru)

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

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