Stock Track | Southern Copper Soars 5.06% Intraday as Copper Prices Hit Two-Week High on Geopolitical Hopes

Stock Track

04/02

Southern Copper Corp's stock surged 5.06% during intraday trading on Wednesday, marking a significant upward movement for the mining company.

The rally in Southern Copper shares aligns with broader gains across the copper mining sector, driven by a rise in the price of the red metal. Benchmark copper on the London Metal Exchange touched its highest level in two weeks during the session.

According to market reports, copper prices extended gains on hopes that the conflict in the Middle East, specifically the Iran war, could be close to ending, improving the outlook for industrial demand and global trade.

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