Copper miners gain as Nvidia results ease AI boom worries

Shares of copper miners rise, tracking the red metal's price MET/L

Benchmark three-month copper CMCU3 on London Metal Exchange rises 0.3% at $10,784 per metric ton

Copper prices improve on relief after strong results from AI giant Nvidia, but a strong dollar and concern about demand in top metals consumer China weigh on the market

Many analysts expect copper to benefit from the wiring needed for power distribution at AI data centers.

U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1.2% and BHP Group BHP.N up marginally

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N each up 1.1%

Canadian miners: Ero Copper ERO.TO up 1.5%, Hudbay Minerals HBM.TO up 1.2% and Teck Resources TECKb.TO up 1%