Copper mining companies are witnessing a rise, guided by the increase in the price of the red metal.

The three-month copper benchmark on the London Metal Exchange indicates an increase of 0.4% at $8,273 per tonne, which is bolstered by the diminishing dollar.

The depreciation of U.S.

currency renders dollar-priced commodities more affordable for those possessing other currencies.

U.S.-listed shares of international mining monoliths Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) are seeing an uptick of 0.4% and 0.8% correspondingly.

There’s an upward trajectory of 0.8% being observed in the copper miner Southern Copper (ASX:SCCO).

Additionally, Canadian miners like Teck Resources (ASX:TECKb), First Quantum Minerals (ASX:FM), Hudbay Minerals (ASX:HBM), and Ero Copper (ASX:ERO) are witnessing an increase within the range of 1.1% to 2.9%.

Rio Tinto (ASX:RIO) is a multinational corporation and one of the world’s largest metals and mining companies.