Copper miners gain on record high prices, supply concerns, weaker dollar

Hudbay Minerals

03/12/2025 15:10

Updates

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

** Benchmark copper CMUCU3 on the London Metal Exchange up 3% at $11,475 a metric ton

** Copper prices rise to record high supported by a weaker U.S. dollar, supply concerns and tighter availability of metal in warehouses registered with the London Metal Exchange MET/L

** U.S.-listed shares of global mining giants Rio Tinto RIO.N up 1.3% and BHP Group BHP.N gains 2.1%

** Southern Copper SCCO.N up 2.3% and Freeport-McMoRan FCX.N rises 3.2%

** Canada's Hudbay Minerals HBM.TO up 3.3%, Teck Resources TECKb.TO up 2.4% and Ero Copper ERO.TO rises 2.3%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))