Copper miners rise as weak dollar boosts red metal prices

Shares of copper miners rise, tracking gains in prices of the red metal MET/L

Benchmark copper CMCU3 on London Metal Exchange up 2.6% at $13,081 per metric ton, after hitting a one-week high of $13,173.5 per metric ton

The metal tuoched a record $13,407 per metric ton on January 14

Price rise supported by weaker U.S. dollar, growth in other metals and setting aside signs of rising stock availability for nearby supply

A weaker U.S. currency makes dollar-priced metals more attractive for buyers using other currencies

U.S.-listed shares of global mining giants: Rio Tinto RIO.N up 1.8%; BHP Group BHP.N rises 2.7%

Southern Copper SCCO.N up 1.6%; Freeport-McMoRan FCX.N gains 1.8%

Canada's Hudbay Minerals HBM.TO rises 2.8%, Ero Copper ERO.TO gains 4.9% and Teck Resources TECKb.TO up 3.7%