BUZZ-Copper miners rise as US dollar weakens

Reuters2025-04-11
BUZZ-Copper miners rise as US dollar weakens

** Copper miners rise, tracking prices of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 1.9% at $9,159 a metric ton, driven by a weaker U.S. dollar, though gains were capped by the potential for trade conflict between the U.S. and China to curb demand

** Softer U.S. dollar makes commodities such as copper less expensive for buyers using other currencies

** U.S.- listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N up 2.6% and 2.8%, respectively

** Shares of Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.3% and 3.2%, respectively

** Canadian miners Teck Resources TECKb.TO up 1.8%, Hudbay Minerals HBM.TO up 3.7% and Ero Copper ERO.TO up 2%

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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