eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• 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)