On August 5, Southern Copper Corp rose 3.32% in regular trading, trading at 200.95 USD/share, with turnover of $23.47 million. The rally was driven by a Morgan Stanley research note highlighting continued upside potential for copper prices.

Morgan Stanley commodity strategist Amy Gower noted that copper is simultaneously flowing toward both China and the United States, leading to tightening global inventories that are pushing up prices and term spreads. Under supply-constrained conditions, copper prices retain further upside room. The bullish outlook lifted the copper sector broadly, with peer stocks Freeport-McMoRan gaining 3.75%, TREKOR METALS rising 4.04%, and Ero Copper advancing 4.0%.

Southern Copper Corp, incorporated in 1952, is one of the world largest integrated copper producers, operating mining, smelting, and refining facilities in Peru and Mexico, with additional exploration concessions in Argentina and Chile.

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