London's Miners Gain as Copper Reaches Record Highs -- Market Talk

Dow Jones05-13 15:50

0750 GMT - London's miners are among the FTSE 100 index's largest gainers in opening trade, with Chilean copper miner Antofagasta rising over 5%. Copper's rise to record highs is a reminder that the AI story isn't only about chips and software, Hargreaves Lansdown's Matt Britzman writes. Markets have been distracted by the conflict in the Middle East but AI growth, construction of data centers and electrification efforts continue. Futures are climbing on strong Chinese demand and mounting supply concerns, Britzman says. LME three-month copper futures are up nearly 1% to $14,080 a metric ton. Anglo American gains 4.5%, Rio Tinto is up 4% and Glencore rises 3.3%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 03:50 ET (07:50 GMT)

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