Copper miners rise after Trump postpones military strikes on Iranian power plants

Hudbay Minerals

23/03/2026 14:15

Updates

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

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 1.7% at $12,132 a metric ton

** Copper prices rise after U.S. President Donald Trump said he will order the U.S. military to postpone any military strikes against Iranian power plants and energy infrastructure

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 3.4% and 4.4%, respectively

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N up 5.4% and 5.1%, respectively

** Canada's Hudbay Minerals HBM.TO jumps 3.9%, Ero Copper ERO.TO gains 3.8% and Teck Resources TECKb.TO up 4.6%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))