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Copper miners rise amid renewed tariff threats

ReutersJun 2, 2025 5:33 PM

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

Benchmark three-month copper CMCU3 on the London Metal Exchange rose 1.2% to $9,607 per metric ton

Copper prices rise after speculation about possible new import tariffs, after U.S. President Donald Trump said he would double tariffs on aluminium and steel imports to 50%

U.S.-listed shares of global mining giants BHP Group BHP.N and Rio Tinto RIO.N up marginally

Copper miners: Southern Copper SCCO.N rises 1.8% and Freeport-McMoRan FCX.N gains ~4%

Canadian miners: Hudbay Minerals HBM.TO rises 3.2% and Ero Copper ERO.TO up 2.5%

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