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BUZZ-Copper miners jump amid price hikes in U.S.

ReutersFeb 14, 2025 10:15 AM

Shares in copper miners jump; an analyst cites increasing copper prices on world markets

KGHM KGH.WA, Antofagasta ANTO.L, Glencore GLEN.L, Anglo American AAL.L and Boliden BOL.ST rise 1.5%-3.5%

The recent hikes in prices are driven by the potential tariffs announced by U.S. President Donald Trump on copper imports to the United States, Jakub Szkopek, Erste Group analyst, says

Shares in Poland's largest metal miner KGHM rise the most to over 3.2%, as the shares are catching up to the hike in copper prices in the United States, which took place on Thursday after market close in Poland, Szkopek adds

Three-month copper on the London Metal Exchange rises 1.3% to $9,609 a metric ton

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