3 Mining Stocks Up on China Tailwinds

The People’s Bank of China cut the reserve requirement ratio by 50 basis points and the seven-day reverse purchase rate to 1.5%, resulting in 4.2% and 4.1% gains for China’s Shanghai Composite and Hong Kong's Hang Seng, respectively.The stimulus measures are boosting copper prices as traders anticipate stronger demand from one of the world's largest metal consumers. In response, mining giants Rio Tinto plc ADR (NYSE:RIO), Southern Copper Corp (NYSE:SCCO), and Freeport-McMoRan Inc (NYSE:FCX) are enjoying tai ...