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Copper miners gain on record high prices, supply concerns, weaker dollar

ReutersDec 3, 2025 3:10 PM

Shares of copper miners rise, tracking higher prices of the red metal

Benchmark copper CMUCU3 on the London Metal Exchange up 3% at $11,475 a metric ton

Copper prices rise to record high supported by a weaker U.S. dollar, supply concerns and tighter availability of metal in warehouses registered with the London Metal Exchange MET/L

U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1.3% and BHP Group BHP.N gains 2.1%

Southern Copper SCCO.N up 2.3% and Freeport-McMoRan FCX.N rises 3.2%

Canada's Hudbay Minerals HBM.TO up 3.3%, Teck Resources TECKb.TO up 2.4% and Ero Copper ERO.TO rises 2.3%

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