Copper miners rise after US and China agree to slash reciprocal tariffs

Benchmark three-month copper CMCU3 on the London Metal Exchange up 1% at $9,528 a metric ton

Prices rose after the U.S. and China agreed to slash reciprocal tariffs, easing global recession fears

Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.8% and 3%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 3.1% and 4.2%, respectively

Canadian miner Hudbay Minerals HBM.TO gains 9%, Teck Resources TECKb.TO up 5.9%

Shares of HBM also rise as co posts Q1 profit and revenue beat as increased gold and copper prices helped offset lower production