Shares of US copper miners rise on Trump tariff threats
ReutersFeb 26, 2025 12:37 PM
Shares of copper miners in North America rise after President Donald Trump moved closer to imposing tariffs on imports of the red metal
Most active May copper futures on the U.S. Comex HGc4 exchange jumped 3.8% to $4.70 a pound, having touched a 8-1/2 month peak on February 13
Comex contract outperformed three-month copper on the London Metal Exchange CMCU3, which was up 1.2% at $9,511 a metric ton by 1030 GMT
Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 4.7% and 2.5%, respectively
U.S.-listed shares of Canadian miners Hudbay Minerals HBM.TO up 4.1% and Teck Resources TECKb.TO rise 2.8%
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