Movement Alert|Southern Copper Corp Declines 3.34% Overnight, LME Copper Price Retreats Below $14,000 Dragging Copper Sector Lower

Market Focus
09/28

On September 28, Southern Copper Corp declined 3.34% overnight, trading at $197.11 per share, with turnover of $283,600.

On the news front, LME copper prices continued to retreat and lost the key $14,000 per tonne level, exerting systemic pressure across the copper mining sector. A stronger U.S. dollar index combined with copper hitting technical resistance levels triggered profit-taking, while downstream copper rod and copper strip processors adopted a wait-and-see stance amid subdued end-user demand, with purchasing largely limited to immediate needs and lacking active restocking momentum. Additionally, reports that the White House had not yet reached a decision on refined copper tariffs added further uncertainty to the sector outlook.

Within the Copper sector, peer stocks also fell broadly. Freeport-McMoRan declined 3.17%, Ero Copper dropped 3.99%, and TREKOR METALS lost 2.44%, reflecting weak sentiment across the board.

(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.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10