Copper miners rise as red metal prices hit record high on softer dollar, lower supply

Hudbay Minerals

28/11/2025 16:08

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

** Benchmark three-month copper CMCU3 on the London Metal Exchange up 2.5% at $11,201.50 a metric ton

** Copper prices powered to a record high, boosted by a weaker dollar and concerns over lower supply from top copper miner Chile and smelters in China, the world's biggest consumer of the metal

** A softer dollar makes dollar-denominated metals more affordable for holders of other currencies

** Miners Southern Copper SCCO.N up 1.5% and Freeport-McMoRan FCX.N up 2.3%

** Canada's Hudbay Minerals HBM.TO up ~2% and Ero Copper ERO.TO climbs 4.4% and Teck Resources TECKb.TO gains marginally

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))