Copper miners gain as red metal prices rise after US, Iran deal

Hudbay Minerals

15/06/2026 10:39

** Shares of copper miners rise premarket, tracking gains in prices of the red metal MET/L
** Benchmark copper CMCU3 on London Metal Exchange up 0.5% at $13,767 a ton, as of 0925 GMT
** Copper prices rise as a U.S.-Iran framework agreement to end their war and reopen the Strait of Hormuz eased energy-driven inflation fears and weakened U.S. dollar
** U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1% and BHP Group BHP.N rise 1.2%
** Miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N each up 3.8%
** Canada's Hudbay Minerals HBM.N HBM.TO jumps 4.8%, Ero Copper ERO.N ERO.TO adds 3.2% and Teck Resources TECK.N TECKb.TO up 4%

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