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<WIRE> Copper Miners Ascend on Strengthened Chinese Demand Prospects - Featuring Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP)



An uptick is noticed in the performance of copper miners, in line with the increased value of the metal.

Copper priced at $8,404 a tonne on the London Metal Exchange indicates a 0.5% rise.

This can be attributed to the resurgence in demand for copper from leading consumer, China, and the market’s resilience towards the aggressive US dollar.

Shares in global mining heavyweights Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) witness an upward swing of 1% and 1.9% respectively.

Simultaneously, Southern Copper (ASX:SCCO) and Freeport-McMoRan (ASX:FCX), prominent copper miners, marked a 0.3% surge each.

Canadian miners Ero Copper (ASX:ERO), Teck Resources (ASX:TECKb), First Quantum Minerals (ASX:FM) and Hudbay Minerals (ASX:HBM) also followed suit, with hikes between 0.1% and 0.8%.

Rio Tinto (ASX:RIO) is a global leader in mining and metals production.


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