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Copper miners rise on dollar-driven gains amid tariff uncertainity

ReutersApr 24, 2025 5:38 PM

** Shares of copper miners rise as prices of the red metal increase on a weaker U.S. dollar, even as uncertainty over U.S. tariffs remained

** Benchmark three-month copperCMCU3 on the London Metal Exchange up 0.4% at $9,418 a metric ton after hitting a peak of $9,481.50 in the previous session to touch its highest since April 3

** A weaker U.S. currency makes dollar-priced commodities such as copper less expensive for buyers using other currencies

** U.S.-listed shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.5% and 1.7%, respectively

** Copper miners Southern Copper SCCO.N up 3.8%; and Freeport-McMoRan FCX.N up 6.1% after posting Q1 results

** Shares of Canadian miners Hudbay Minerals HBM.N up 4.5% and Teck Resources TECK.N rise 5.1%

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