Copper miners rise as red metal surges on weak dollar, geopolitical risks

U.S.-listed shares of copper miners rise in premarket trading, tracking higher prices of the red metal

Benchmark copper CMCU3 on the London Metal Exchange surges 6.3% to $13,913.50 a metric ton, after hitting an all-time high of $14,125 earlier in the session

The U.S. dollar =USD steadied after the Federal Reserve left interest rates unchanged on Wednesday, but still hovered around recent lows

Global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.5% and 3.1%, respectively

Shares of miners Southern Copper SCCO.N rise 4.1%, Freeport-McMoRan FCX.N up ~5%

Meanwhile, Canada's Teck Resources TECKb.TO, TECK.N up 4%, Hudbay Minerals HBM.TO, HBM.N rises 5.3%, and Ero Copper ERO.TO, ERO.N advances ~6%