Copper miners gain on increased US rate cut bets

Hudbay Minerals

26/11/2025 14:49

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

**  Benchmark copper CMCU3 on the London Metal Exchange up 1.3% at $10,963/metric ton, after hitting $11,025 for its highest since October 30

** Copper climbs on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks

** Global mining giants Rio Tinto RIO.N up 1% and BHP Group BHP.N up 1.2%

**  Southern Copper SCCO.N up 1.6% and Freeport-McMoRan FCX.N rises 1.3%

**  Canada's Hudbay Minerals HBM.TO rises marginally and Teck Resources TECKb.TO up 2.9%

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com;))