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Copper miners gain as red metal rises on weaker US dollar

ReutersJan 2, 2026 12:11 PM

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

Benchmark three-month copper on the London Metal Exchange CMCU3 up 0.8% at $12,519.50 per metric ton

Prices rise as a weaker U.S. dollar continues to lend support

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N up 1.1% and 1.4%, respectively

Southern Copper SCCO.N and Freeport-McMoRan FCX.N gain 2.8% and 2.2%, respectively

Canada's Hudbay Minerals HBM.N, HBM.TO up 2.3%, Teck Resources TECK.N, TECKb.TO rises 2.6% and Ero Copper ERO.N, ERO.TO gains 2.5%

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