BUZZ-Copper miners rise as US dollar weakens

Reuters12-21
BUZZ-Copper miners rise as US dollar weakens

** Shares of copper miners up, as price of the red metal rebounds from a five-week low hit in the previous session

** Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.UK)$ up 0.6% at $8,935.50 per metric ton by 1724 GMT (12:24 p.m. ET)

** Copper prices jumped as the U.S. dollar retreated from its two-year high, though concerns about demand prospects kept the metal on track for a second consecutive weekly decline

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 0.6% and 1.5%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.4% and 2.2%, respectively

** Canadian miners Ero Copper ERO.TO rises 2.4%, Hudbay Minerals HBM.TO up 4.7% and Teck Resources TECKb.TO rise 2.6%

(Reporting by Pooja Menon in Bengaluru)

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

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