Copper miners rise as red metal prices rebound on China stimulus hopes

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 (LME) up 1.2% at $11,626 a metric ton after easing by 1.3% on Tuesday and having hit a record peak of $11,771 a day earlier

Copper prices rebounded, moving back towards record levels, on hopes for more stimulus in top metals consumer China, especially for its battered property sector

LME copper has surged 32% this year on worries about mine disruptions causing deficits and as flows of metal to the U.S. tightens supply in the rest of the world

Global mining giants Rio Tinto RIO.N up 1.5% and BHP Group BHP.N rises 2%

Southern Copper SCCO.N and Freeport-McMoRan FCX.N each gains marginally

Canada's Ero Copper ERO.TO, ERO.N adds 1.4% and Teck Resources TECKb.TO, TECK.N up 1.2%