tradingkey.logo

Shares of copper miners rise on tariff woes, weak US dollar

ReutersMar 5, 2025 3:55 PM

Shares of copper miners rise, tracking prices of the red metal

Three-month copper on the London Metal Exchange CMCU3 up 2.2% at $9,549, as worries about tariffs on U.S. imports escalated, while China's fresh stimulus measures, Germany's infrastructure fund plans and a weaker dollar supported the wider market for the red metal

Most active May copper futures on the U.S. Comex exchange HGc4 rose 4.9% to $4.781 a lb, the highest price since February 14

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP BHP.N gain 1.7% and 1.8%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 3.7% and 7%, respectively

Canadian miners Hudbay Minerals HBM.TO up 6.2%, Teck Resources TECKb.TO rises 3.6% and First Quantum FM.TO gains 5.3%

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI