BUZZ-Copper miners gain on increased US rate cut bets
Reuters
Yesterday
BUZZ-Copper miners gain on increased US rate cut bets
** U.S.-listed shares of copper miners rise, tracking higher prices of the red metal MET/L
** Benchmark copper CMCU3 on the London Metal Exchange up 1.3% at $10,963/metric ton, after hitting $11,025 for its highest since October 30
** Copper climbs on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks
** Global mining giants Rio TintoRIO.N up 1% and BHP Group BHP.N up 1.2%
** Southern CopperSCCO.N up 1.6% and Freeport-McMoRan FCX.N rises 1.3%
** Canada's Hudbay Minerals HBM.TO rises marginally and Teck Resources TECKb.TO up 2.9%
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com;))
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