Copper miners gain on signs of tight feedstock supply

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

The most-active copper contract on the Shanghai Futures Exchange SCFcv1 closed daytime trading up 3.6% at 98,720 yuan ($14,083.34)/metric ton

Prices rise on signs that feedstock supply will continue to be tight next year, and China's plans to rein in copper projects to curb irrational expansion

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N up 1.4% and 0.5%, respectively

Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 2.7% and 3.2%, respectively

Canada's Hudbay Minerals HBM.N, HBM.TO up 2.2%, Teck Resources TECK.N, TECKb.TO rises 1.5% and Ero Copper ERO.N, ERO.TO gains 3.6%