Copper miners gain as red metal prices edge higher

Hudbay Minerals

09/07/2026 11:28

** U.S.-listed shares of copper miners rise premarket, tracking gains in prices of the red metal MET/L
** Benchmark copper CMCU3 on London Metal Exchange up 2.1% at $13,437 a ton
** Prices dropped 1.5% on Wednesday on demand concerns after U.S. President Donald Trump said the memorandum of understanding with Iran to end the Gulf conflict was "over"
** Copper prices rebound on Thursday as the market hopes for another de-escalation in hostilities in the Gulf and the U.S. dollar dips after its recent surge
** Shares of global mining giant BHP Group BHP.N rise 1.3%
** Miners Southern Copper SCCO.N up 1.8% and Freeport-McMoRan FCX.N adds 1.6%
** Canada's Hudbay Minerals HBM.N HBM.TO jumps 2.7% and Ero Copper ERO.N ERO.TO adds 1.3%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))