On July 21, Southern Copper rose 4.23% in regular trading, trading at $180.61/share, with turnover of approximately $22.58 million.
On the news front, multiple international investment banks have collectively raised their medium-to-long-term copper price forecasts. Institutions project that the global copper market structural deficit will begin expanding annually starting in 2027, with long-term copper prices potentially reaching $17,000 per ton. The bullish consensus has lifted the broader copper sector.
Sector-wide linkage was evident, with Freeport-McMoRan up 3.45%, TREKOR METALS up 4.99%, and Ero Copper up 5.22%. Additionally, the company had previously registered ordinary shares and multiple classes of debt securities with the U.S. SEC for future issuance, reserving capital for long-term expansion projects and further reinforcing market expectations for its growth trajectory.
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