Copper miners gain on increased US rate cut bets

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

Benchmark copper CMCU3 on the London Metal Exchange up 1.3% at $10,963/metric ton, after hitting $11,025 for its highest since October 30

Copper climbs on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks

Global mining giants Rio Tinto RIO.N up 1% and BHP Group BHP.N up 1.2%

Southern Copper SCCO.N up 1.6% and Freeport-McMoRan FCX.N rises 1.3%

Canada's Hudbay Minerals HBM.TO rises marginally and Teck Resources TECKb.TO up 2.9%