On June 15, Southern Copper rose 3.27% in pre-market trading, trading at $195.35/share, with turnover of $121,400. The broader copper sector strengthened collectively.
On the news front, global copper mine supply disruptions continue to intensify. Peru issued an emergency decree amid its energy crisis, with major copper mines seeing monthly output cut by approximately 20,000 tons due to power rationing. Indonesia's Grasberg mine has postponed full production restart to early 2028, expected to reduce copper supply by over 100,000 tons. Goldman Sachs previously cut its global copper mine supply growth forecast by 350,000 tons, with institutions noting the tight supply-demand imbalance remains unchanged.
Within the Copper sector, peers rallied in tandem, with Freeport-McMoRan up 3.84%, Ero Copper up 3.36%, and Taseko Mines up 3.33%. Southern Copper has rebounded significantly from its June 10 intraday low near $169.81, gaining approximately 15% over the past week as supply-side constraints continue to provide fundamental support.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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