On August 7, Southern Copper Corp rose 3.09% in pre-market trading, trading at $199.0/share, with turnover of $367,500.

On the news front, Morgan Stanley commodity strategist Amy Gower noted in a latest research report that copper is simultaneously flowing toward both China and the United States, with global inventories tightening and pushing up prices and term spreads. The report highlighted that copper prices still have further upside potential amid a supply-constrained environment.

Buoyed by the bullish outlook, the copper sector extended its recent strength, with peers broadly advancing. Among sector constituents, TREKOR METALS rose 3.07%, Freeport-McMoRan gained 2.52%, and Ero Copper added 2.25%. Southern Copper Corp is one of the world's largest integrated copper producers, with mining, smelting, and refining operations located in Peru and Mexico, producing copper, molybdenum, zinc, and silver.

(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.)