Copper miners rise as outflows to US stocks provide support

U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal MET/L

Benchmark copper CMCU3 on the London Metal Exchange up 0.8% at $10,855 a metric ton

Copper prices climb to their highest level in more than a week, supported by ongoing outflows to U.S. inventories, though weaker demand prospects from top metals consumer China capped the gains

Global mining giants Rio Tinto RIO.N up 1.4% and BHP Group BHP.N gains ~1%

Southern Copper SCCO.N up 1.5% and Freeport-McMoRan FCX.N rises 1.3%

Canada's Hudbay Minerals HBM.TO, HBM.N and Teck Resources TECKb.TO, TECK.N each gains ~1% and Ero Copper ERO.TO, ERO.N up marginally