BUZZ-Copper miners gain as US dollar weakens

Reuters
26 Mar
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;))

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