BUZZ-Copper miners climb as US import tariff fears mount

Reuters
26 Mar
BUZZ-Copper miners climb as US import tariff fears mount

** U.S.-listed shares of copper miners rise premarket, tracking prices of the red metal

** Copper futures on the U.S. Comex exchange HGc3 climbed 1.4% to $5.283, helped by rising bets on the level of import tariffs that President Donald Trump may impose on the metal; prices had hit a record high of $5.374 earlier in the day

** Shares of global giants Rio Tinto RIO.N and BHP Group BHP.N climbed 0.6% and 1.3%, respectively

** Southern Copper SCCO.N rises 0.8% and Freeport-McMoran FCX.N 1.4%

** But Canadian miners Hudbay Minerals HBM.N and Teck Resources TECK.N fall 1.3% and 0.5% respectively

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10