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Copper miners rise as stronger yuan offsets tariff uncertainty

ReutersJul 2, 2025 11:32 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 0.2% at $9,951 a metric ton

Copper prices rose as a stronger yuan currency in top metals consumer China and weak U.S. dollar offset uncertainty about global trade tensions

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.3% and 1.4%, respectively

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 1.3% and 1.6%, respectively

Canadian miners Hudbay Minerals HBM.N up 1% and Teck Resources TECK.N rises 2.8%

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