Mining and metals stocks rally as copper prices touch 3-year high; Freeport leads gainers with 4.7% gain

29

Shares of mining and metals companies were key gainers Tuesday, led by Freeport-McMoRan Inc.












FCX, +3.33%










as copper prices hit a three-year high. Base metals prices have been on a tear as speculators and funds pour money into the asset class. Freeport shares gained 4.7%, bringing their week-to-date gains to 8.8%. Century Aluminum Co.












CENX, +3.46%










gained 3.8%, Alcoa Corp.












AA, +3.16%










added 2.3% and Arconic Inc.












ARNC, +3.49%










rose 3.8%. BHP Billiton Ltd.












BHP, +1.78%










was up 2.3% and Rio Tinto Plc












RIO, +2.15%










added 2.3%. Teck Resources Ltd.












TECK, +0.80%










rose 1.2%. The S&P 500












SPX, +0.64%










was up 0.6%.

Source