Copper miners gain as red metal prices edge up on weaker US dollar

Hudbay Minerals

11/02/2026 12:30

** U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal MET/L

** Benchmark copper CMCU3 on London Metal Exchange up 1.2% at $13,266.50 per metric ton

** Copper prices rise on weaker U.S. dollar and as top consumer China prepares to shut down for Lunar New Year holiday

** Global mining giants Rio Tinto RIO.N up 2.4% and BHP Group BHP.N rise 2.3% each

** Miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N gains 3% and 2.7%, respectively

** Canada's Hudbay Minerals HBM.TO, HBM.N rises 2.8%, Ero Copper ERO.TO, ERO.N adds 3.3% and Teck Resources TECKb.TO, TECK.N up 2.4%

 (Reporting by Pooja Menon in Bengaluru)

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