Copper miners gain as red metal prices rise on short-covering

Hudbay Minerals

15/12/2025 11:24

** 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 1.4% at $11,670 a metric ton

** Copper prices rise as some traders rolled forward positions ahead of a contract expiry this week, helping the market to set aside weak data and worries about the property sector in top consumer China for now

** Copper hit a record high of $11,952 a metric ton on Friday on worries about tight supply and then saw a selloff amid renewed fears of the AI bubble bursting

** Miner Southern Copper SCCO.N up 2.5% and Freeport-McMoRan FCX.N gains 1.9%

** Canada's Hudbay Minerals HBM.TO, HBM.N rises ~2%, Ero Copper ERO.TO, ERO.N adds 5.3% and Teck Resources TECKb.TO, TECK.N up 1.8%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))