BUZZ-Copper miners rise amid renewed tariff threats

Reuters
03 Jun
BUZZ-Copper miners rise amid renewed tariff threats

** Shares of copper miners rise, tracking prices of the red metal

** Benchmark three-month copper CMCU3 on the London Metal Exchange rose 1.2% to $9,607 per metric ton

** Copper prices rise after speculation about possible new import tariffs, after U.S. President Donald Trump said he would double tariffs on aluminium and steel imports to 50%

** U.S.-listed shares of global mining giants BHP Group BHP.N and Rio Tinto RIO.N up marginally

** Copper miners: Southern Copper SCCO.N rises 1.8% and Freeport-McMoRan FCX.N gains ~4%

** Canadian miners: Hudbay Minerals HBM.TO rises 3.2% and Ero Copper ERO.TO up 2.5%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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