Copper miners track higher metal prices after US-Iran ceasefire

Hudbay Minerals

08/04/2026 10:33

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

** Benchmark copper CMCU3 on London Metal Exchange is up 3% at $12,680.50 a metric ton, a three-week high

** Prices rise after Trump agrees to a two-week ceasefire with Iran

** Global mining giants Rio Tinto RIO.N up 5% and BHP Group BHP.N gains 6.3%

** Southern Copper SCCO.N gains 6.4% and Freeport-McMoRan FCX.N rises ~6%

** Canada's Hudbay Minerals HBM.TO, HBM.N up 7.6%, Ero Copper ERO.TO, ERO.N rises about 7% and Teck Resources TECKb.TO, TECK.N gains 10.1%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))