Movement Alert|Southern Copper Rises 4.23% in Regular Trading, Multiple Investment Banks Raise Copper Price Forecasts Amid Sector-Wide Rally

Market Focus
Jul 21

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.

(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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