Copper miners gain as outflows to US inventories provide support

Ero Copper

25/11/2025 17:34

Updates

** Shares of copper miners rise, tracking higher prices of the red metal MET/L

** Benchmark copper CMCU3 on the London Metal Exchange up 0.5% at $10,830 a metric ton, after hitting $10,949, its highest since November 13

** Copper prices climb to their highest level in more than a week, supported by ongoing outflows to U.S. inventories, though weaker demand prospects from top metals consumer China capped the gains

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

** Southern Copper SCCO.N up ~2% and Freeport-McMoRan FCX.N rises 1.3%

** Canada's Hudbay Minerals HBM.TO gains ~1%, Teck Resources TECKb.TO up 3.1% and Ero Copper ERO.TO rises 3.2%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com))