Copper miners gain as red metal prices rise on weaker U.S. dollar

Hudbay Minerals

15/12/2025 16:50

Updates

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

** Benchmark copper CMCU3 on London Metal Exchange up 1.5% at $11,687 a metric ton

** Copper prices rise, supported by a weaker U.S. dollar, helping the market to set aside weak data and worries about the property sector in top metals 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 sell-off amid renewed fears of the AI bubble bursting

** Southern Copper SCCO.N up ~1% and Freeport-McMoRan FCX.N gains marginally

** Canada's Hudbay Minerals HBM.TO rises 1.3% and Teck Resources TECKb.TO, TECK.N up 1.1%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com))