Copper miners rise as red metal rebounds on improved market sentiment

Teck Resources

Wed 13:52

** US-listed shares of copper miners rise premarket, tracking gains in prices of the red metal MET/L
** Benchmark copper CMCU3 on London Metal Exchange up 0.8% at $13,793 a ton, having lost 1.6% on Tuesday and recording its biggest weekly drop since March last week
** Copper prices pick up after dropping in the previous session on a recovery in investor sentiment about AI companies and shortages in top metals consumer China
** Shares of global mining giants Rio Tinto RIO.N up ~1% and BHP Group BHP.N rise 1.1%
** Miners Southern Copper SCCO.N up 1.4% and Freeport-McMoRan FCX.N adds 2.4%
** Canada's Hudbay Minerals HBM.TO, HBM.N adds 2.5%, Ero Copper ERO.TO, ERO.N gains 2.2% and Teck Resources TECKb.TO, TECK.N up 1.2%

(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))