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Copper miners gain on stronger-than-expected US jobs data, weaker dollar

ReutersJun 4, 2025 11:13 AM

U.S.-listed shares of copper miners rise premarket, tracking prices of the red metal

Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.1% at $9,643.5 a metric ton

Copper prices edged higher, helped by stronger-than-expected U.S. jobs data, even as investors stayed cautious amid ongoing trade negotiations

Providing support, the U.S. dollar slipped, making metals more affordable for holders of other currencies USD/

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 0.1% and 1.3%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.7% and ~1%, respectively

Canadian miners: Hudbay Minerals HBM.N up 1.3% and Teck Resources TECK.N up marginally

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