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Copper miners rise on hopes for truce in U.S-China trade war

ReutersMay 2, 2025 10:46 AM

Benchmark three-month copper CMCU3 on the London Metal Exchange up 2% at $9,385.50 a metric ton, after rising by nearly 1% in the previous session

Prices rose on signs that the U.S. and China were moving closer to a solution to their fractious trade war

U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2% and 1.3%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.4% and 1.9%, respectively

U.S.-listed shares of Canadian miners Hudbay Minerals HBM.N and Teck Resources TECK.N rise 3.3% and 2%, respectively

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