Copper miners gain as red metal prices edge higher

Hudbay Minerals

17/04/2026 15:47

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

** Benchmark copper CMCU3 on London Metal Exchange up 0.5% at $13,333 a ton

** Copper prices rise as the U.S. dollar weakened and Iran's foreign minister said that passage for all commercial vessels through the Strait of Hormuz was open for the remaining period of ceasefire

** U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1.5% and BHP Group BHP.N rise 2.2%

** Miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N gain 3.8% and 3.3%, respectively

** Canada's Hudbay Minerals HBM.TO jumps 4.2%, Ero Copper ERO.TO adds 2.2% and Teck Resources TECKb.TO up 3%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))