Copper miners gain on record high prices, supply concerns

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

Benchmark copper CMUCU3 on the London Metal Exchange hits record high of $11,338 a metric ton

Copper prices rose, as supply concerns underpinned overall bullishness around the metal, while the market turned its attention to the U.S. Federal Reserve's interest rate decision next week MET/L

Global mining giants Rio Tinto RIO.N up 1% and BHP Group BHP.N gains 1.1%

Southern Copper SCCO.N up 1.4% and Freeport-McMoRan FCX.N rises ~2%

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