Copper miners gain on increased US rate cut bets

Hudbay Minerals

26/11/2025 17:39

Updates

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

     **  Benchmark copper CMCU3 on the London Metal Exchange up 0.5% at $10,832/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 ~2% and BHP Group BHP.N up 1.9%

     **  Southern Copper SCCO.N up 3.3% and Freeport-McMoRan FCX.N rises 3.1%

     **  Canada's Hudbay Minerals HBM.TO rises 4.9% and Ero Copper ERO.TO up 2%
     **  Shares of Teck Resources TECKb.TO climb 2%; separately, proxy advisory firm Institutional Shareholder Services urges Anglo American AAL.L shareholders to vote in favor of a proposed merger with the Canadian miner

 (Reporting by Varun Sahay in Bengaluru)

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