3 Mining Stocks Up on China Tailwinds

Group 1: Economic Stimulus Impact - 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% [1] - These stimulus measures resulted in gains of 4.2% for China's Shanghai Composite and 4.1% for Hong Kong's Hang Seng [1] Group 2: Copper Market Response - The stimulus measures are boosting copper prices as traders anticipate stronger demand from China, a major metal consumer [1] - Mining companies such as Rio Tinto plc, Southern Copper Corp, and Freeport-McMoRan Inc are experiencing positive market conditions [1] Group 3: Company Performance - Rio Tinto (RIO) is up 4.4% to $67.44, on track for its best single-day percentage gain in over a year, and trading at its highest level since July [1] - Southern Copper Corp (SCCO) is up 7.4% to $113.91, adding to a 34.2% year-to-date lead and aiming for its best day since November 2022 [2] - Freeport-McMoRan Inc (FCX) is up 7.8% to $48.67, extending its bounce from the $34 level and hitting its highest level in roughly two months, with a 30% increase over the last 12 months [2][2]