tradingkey.logo

Copper miners gain on weaker US dollar

ReutersJul 8, 2025 12:17 PM

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 $9,835 a metric ton

Copper prices rise, supported by a lower U.S. dollar while gains are capped by worries about economic slowdown and demand growth caused by U.S. President Donald Trump's tariffs and rising inventories

The dip in the currency has made dollar-priced metals cheaper, potentially boosting demand for industrial metals and copper USD/

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 1.3% and 1.1%, respectively

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

Canadian miners Hudbay Minerals HBM.N and Teck Resources TECK.N each up marginally

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI