Copper prices rise as Fed rate cut optimism returns

Shares of copper miners rise, tracking the red metal's price MET/L
Benchmark three-month copper CMCU3 on London Metal Exchange up 0.4% at $10,786 a metric ton
Copper prices improve on renewed hopes of a U.S. interest rate cut, boosting sentiment after a tech-driven equities selloff spilled over into commodities markets
The metal - widely used in power, construction and manufacturing - fell as much as 1.2% to $10,607.50 earlier, its lowest since November 5
Global mining giants Rio Tinto RIO.N up 1.8% and BHP Group BHP.N rise ~1%
Canadian miners Teck Resources TECKb.TO rise 4.6%, ERO Copper ERO.TO gains 3.2% and Hudbay Minerals HBM.TO up 2.6%