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Copper miners gain after Chinese data raises demand hopes

ReutersJun 16, 2025 4:35 PM

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

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.7% at $9,708 a metric ton

** Copper prices rose after higher consumer spending in China raised hopes of a boost to metals demand in the country

** Though China's factory output growth hit a six-month low in May, metals investors are focused on the better-than-expected retail sales

** U.S.-listed shares of global mining giants: Shares of Rio Tinto RIO.N up marginally, BHP Group BHP.N shares rise 1.3%

** Copper miners: Southern Copper SCCO.N up 1.8% and Freeport-McMoRan FCX.N up 2.8%

** Canadian miners: Hudbay Minerals HBM.TO up 2.8%, Teck Resources TECKb.TO up 1.1% and Ero Copper ERO.TO shares rise 3.5%

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