Copper miners gain as Nvidia results ease AI boom worries

Ero Copper

20/11/2025 16:01

** Shares of copper miners rise, tracking the red metal's price MET/L

** Benchmark three-month copper CMCU3 on London Metal Exchange rises 0.3% at $10,784 per metric ton

** Copper prices improve on relief after strong results from AI giant Nvidia, but a strong dollar and concern about demand in top metals consumer China weigh on the market

** Many analysts expect copper to benefit from the wiring needed for power distribution at AI data centers.

** U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1.2% and BHP Group BHP.N up marginally

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N each up 1.1%

**  Canadian miners:  Ero Copper ERO.TO up 1.5%, Hudbay Minerals HBM.TO up 1.2% and Teck Resources TECKb.TO up 1%

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))