NEW YORK, December 29, 2025, 05:37 ET — Premarket
- Taseko Mines (TGB) was indicated down about 0.5% in premarket trading.
- Copper hit a fresh record in London, lifting focus on copper producers into year-end.
- Traders are watching Tuesday’s Fed minutes for clues on 2026 rate cuts.
Taseko Mines Ltd shares were indicated 0.5% lower at $5.78 in premarket trading on Monday. The stock last closed at $5.81. [1]
The move comes as copper prices surged to new highs, keeping attention on producers that sell the metal and on mining shares tied closely to commodity moves. [2]
Benchmark three-month copper on the London Metal Exchange rose 3.27% to $12,560 a metric ton after touching a record $12,960 earlier in the session, Reuters reported. [3]
Copper later trimmed some gains as investors took profits after the sharp run-up, with year-end positioning and elevated prices seen cooling spot demand, traders told Reuters. [4]
The metal’s rally has also drawn support from expectations of further U.S. Federal Reserve rate cuts, with investors awaiting minutes from the Fed’s December meeting due on Tuesday. [5]
Copper-heavy miners were broadly firmer in early trading, with Freeport-McMoRan up about 2.2%, Hudbay Minerals up about 1.8% and Southern Copper up about 0.9%.
Taseko’s results are closely tied to copper because it owns and operates the Gibraltar copper-molybdenum mine in British Columbia, which it calls Canada’s second-largest open-pit copper mine. [6]
The company is also developing Florence Copper in Arizona, where it expects first copper production by early 2026, according to its website. [7]
Florence is designed as an in-situ copper recovery operation — a method that dissolves copper underground and pumps it to the surface for processing — which the company says avoids blasting and hauling typical of open-pit mines. [8]
Taseko shares have been hovering near recent highs. The stock’s recent trading range has run up to about $5.92, which Investing.com lists as the top of its 52-week range. [9]
In China, a group of top smelters decided last week not to set guidance for first-quarter 2026 copper concentrate processing fees because of low charges tied to a supply shortage, Reuters reported. China also said on Dec. 26 it would rein in copper capacity growth in the next five-year plan, Reuters said. [10]
Macro sentiment is also feeding into commodity-linked stocks as investors weigh the path for U.S. rates into 2026. “We’re not seeing runaway inflation risk as a base case so we’re still thinking the Fed has room to cut,” Fidelity International multi-asset portfolio manager Becky Qin said. [11]
When the regular session opens, traders will be watching whether copper can hold near record levels and whether Taseko shares can regain momentum after the early dip and retest last week’s highs. [12]
Holiday-thinned liquidity into year-end can amplify swings in both metals and small- and mid-cap miners, leaving price action sensitive to the next move in copper and any shift in rate-cut expectations.
Sources: Public.com; Reuters; Taseko Mines website. [13]
References
1. public.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.businessday.co.za, 5. www.businessday.co.za, 6. www.tasekomines.com, 7. www.tasekomines.com, 8. www.tasekomines.com, 9. www.investing.com, 10. www.businessday.co.za, 11. www.reuters.com, 12. www.businessday.co.za, 13. public.com
