On August 21, Southern Copper Corp rose 3.54% in regular trading, trading at approximately 208.63 USD/share, with turnover of $14.77 million. The broader copper sector rallied in tandem, with TREKOR METALS up 6.1%, Freeport-McMoRan up 5.58%, and Ero Copper up 4.89%.

On the news front, LME copper prices recently touched 14,396 USD/ton intraday, approaching historical highs, while exchange inventories have plunged nearly 90% from their March peak. Copper concentrate treatment charges (TC) have fallen to -175.37 USD/dry ton, a record low, signaling persistently tight mine supply. Simultaneously, US July CPI and PPI data continued to cool, with the probability of a Fed September rate hike dropping to approximately 35% and the US dollar index retreating to the 99 level. The combination of a supply-constrained environment and rising monetary easing expectations has collectively underpinned copper prices and lifted the sector.

(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.)