Copper miners gain as red metal prices bounce after President Trump sets a new tariff deadline
Shares of copper miners rise, tracking prices of the red metal
Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.8% at $9,704 a ton
*U.S. copper prices rebounded after President Donald Trump said a 50% tariff would be imposed on imports starting August 1, but remained below their record peak due to a glut of metal already in the United States and uncertainty over the details
Most active COMEX copper futures contract HGc3 gains 1.9% at $5.59 a pound (lb), down from a record high of $5.90 touched on Tuesday
Global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.8% and 4.6%, respectively
Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 2.3% and 3.4%, respectively
Canadian miners Hudbay Minerals HBM.TO up 1.7%, Ero Copper ERO.TO up 3.8% and Teck Resources TECKb.TO rises ~1%
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