Movement Alert|Southern Copper Rises 3.42% in Regular Trading, Copper Sector Rallies as Global Mine Supply Disruptions Intensify

Market Focus06-11

On June 11, Southern Copper rose 3.42% in regular trading, trading at $172.99/share, with trading volume of $29.03 million. The copper sector strengthened broadly, with Freeport-McMoRan up 3.04%, Taseko Mines up 2.33%, and Ero Copper up 2.06%.

On the news front, global copper mine supply disruptions continued to intensify. Peru issued an emergency decree amid an energy crisis, with major copper mines reducing capacity by approximately 20,000 tons per month due to power rationing. Meanwhile, Indonesia's Grasberg mine full restart has been delayed 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 that the tight supply-demand dynamic remains unchanged.

Southern Copper had previously retreated sharply from the $198 level following COMEX inventory surges that pressured copper prices. The current rebound reflects improving sector sentiment driven by persistent supply-side constraints.

(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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