On August 21, Southern Copper Corp rose 3.56% in pre-market trading, trading at $205.805/share, with turnover of $665,100.

On the news front, LME copper prices recently touched $14,396/ton intraday, approaching historical highs, while global copper inventory plunged nearly 90% from its March peak. Copper concentrate treatment charges (TC) fell to a record low of -$175.37/dry ton, reflecting persistent global copper mine supply contraction. Meanwhile, US July CPI and PPI data continued to cool, with the probability of a Fed September rate hike dropping to approximately 35% and the US Dollar Index retreating to around 99.

The broader copper sector rallied in tandem, with Ero Copper up 5.02%, Freeport-McMoRan up 4.21%, and TREKOR METALS up 3.57%. The combination of a structurally tight supply environment and rising monetary policy easing expectations collectively supported copper prices and lifted the sector.

(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.)