On August 19, Southern Copper Corp rose 3.04% in pre-market trading, trading at 193.4 USD/share, with turnover of 336,700 USD. The copper sector saw a broad-based rebound, with TREKOR METALS up 3.71%, Freeport-McMoRan up 3.38%, and Ero Copper up 3.14%.

On the news front, global copper inventories continue to draw down, with LME copper stocks declining 8.07% week-over-week and domestic electrolytic copper social inventories sitting at historical lows, underscoring a persistent supply-tight environment. Simultaneously, the probability of a 25bp Fed rate hike in September has dropped from 44.4% to 33.1%, reflecting a notable cooling in tightening expectations. The combination of constrained supply and shifting monetary policy outlook has provided upward momentum for copper prices. Morgan Stanley strategists have recently noted that copper is flowing simultaneously toward China and the U.S., tightening global inventories and pushing up prices. The sector rebounded following the prior session's correction, in which Southern Copper Corp had declined 3.15%.

(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.)