Copper prices rise as Fed rate cut optimism returns

Ero Copper

21/11/2025 18:59

** Shares of copper miners rise, tracking the red metal's price MET/L
** Benchmark three-month copper CMCU3 on London Metal Exchange up 0.4% at $10,786 a metric ton
** Copper prices improve on renewed hopes of a U.S. interest rate cut, boosting sentiment after a tech-driven equities selloff spilled over into commodities markets
** The metal - widely used in power, construction and manufacturing - fell as much as 1.2% to $10,607.50 earlier, its lowest since November 5
** Global mining giants Rio Tinto RIO.N up 1.8% and BHP Group BHP.N rise ~1%
** Canadian miners Teck Resources TECKb.TO rise 4.6%, ERO Copper ERO.TO gains 3.2% and  Hudbay Minerals HBM.TO up 2.6%

 (Reporting by Varun Sahay)

 ((Varun.sahay@thomsonreuters.com))