Copper miners rise as demand optimism lifts red metal after tariffs struck down

Hudbay Minerals

25/02/2026 12:08

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

** Benchmark three-month copper CMCU3 up 0.6% at $13,241 a metric ton after rising to $13,320 earlier in the session, the highest since February 12

** Copper prices rise as growth and demand optimism dominated the mood after the U.S. Supreme Court ruled against President Donald Trump's sweeping reciprocal tariffs

** Shares of global mining giant Rio Tinto RIO.N up 2.7%

** Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N rise 1.9% and 2.1%, respectively

** Canadian miners Hudbay Minerals HBM.TO, HBM.N  and ERO Copper ERO.TO, ERO.N  up 1.7% and 3%, respectively

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))