Copper miners gain as red metal rises on dip-buying, tech shares recovery

Hudbay Minerals

18/02/2026 17:54

** Shares of copper miners rise, tracking price of the red metal MET/

** Benchmark three-month copper CMCU3 was up 2.2% at $12,893 a metric ton as of 1700 GMT, after earlier climbing to $12,941

** Copper prices rise as investors stepped in to buy the dip and as industrial metals prices tracked a rebound in tech stocks

** "They rarely leave significant capital in the market" during the holiday, says Panmure Liberum analyst Tom Price, adding that volatility tends to increase and leads to dip buying

** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N up 2.9% and 1.4% respectively

** Copper miners Southern Copper SCCO.N climb 4.2% and  Freeport-McMoRan FCX.N rise 2.7%

** Canada's Hudbay Minerals HBM.TO up marginally and ERO Copper ERO.TO rise 2%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))