Copper miners gain as US dollar weakens

Shares of copper miners up, as copper prices extend gains to a five-month peak

Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) up 1.4% at $10,095/metric ton, the strongest since October 3, after gaining 1% on Monday

Copper prices rose as traders kept up speculative buying based on expected U.S. tariffs and the dollar weakened after U.S. data

Softer U.S. dollar makes commodities priced in the U.S. currency less expensive for buyers using other currencies

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 1.3% and 1%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 2.2% and 3.6%, respectively

Shares of Canadian miners Hudbay Minerals HBM.TO up 2.3% and Teck Resources TECKb.TO rise 1.5%