BUZZ-Copper miners rise as demand optimism lifts red metal after tariffs struck down
Reuters02-25
BUZZ-Copper miners rise as demand optimism lifts red metal after tariffs struck down
** U.S.-listed shares of copper miners rise premarket, tracking prices of the red metal MET/L
** Benchmark three-month copper CMCU3 up 0.6% at $13,241 a metric ton after rising to $13,320 earlier in the session, the highest since February 12
** Copper prices rise as growth and demand optimism dominated the mood after the U.S. Supreme Court ruled against President Donald Trump's sweeping reciprocal tariffs
** Shares of global mining giant Rio TintoRIO.N up 2.7%
** Copper miners Southern CopperSCCO.N and Freeport-McMoRan FCX.N rise 1.9% and 2.1%, respectively
** Canadian miners Hudbay Minerals HBM.TO, HBM.N and ERO Copper ERO.TO, ERO.N up 1.7% and 3%, respectively
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com))
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