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TDUX
Jul 21 - 08:55 AM

Copper - Miners Gain On Chinese Shortages And Iran Peace Hopes

By Dharna Bafna  —  Jul 21 - 06:43 AM

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

• Benchmark three-month copper on London Metal Exchange up 1.7% to $13,851 a metric ton

• Copper prices supported by firm demand in top consumer China, declining inventories and hopes that mediators can revive a ceasefire in the Iran war

• Shares of global mining giants Rio Tinto and BHP Group gain 1.4% and ~3%, respectively

• Copper miners Southern Copper and Freeport-McMoRan up 3.4% and ~4%, respectively

• Canada's Hudbay Minerals up 4%, Ero Copper advances ~6% and Teck Resources

gains ~2%

(Reporting by Dharna Bafna in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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