On May 29, Southern Copper rose 3.02% in regular trading, trading at $193.27/share, with trading volume of $68.37 million, extending its recent rebound trajectory.

On the news front, global copper mine supply-side disruptions have intensified: Peru issued an emergency decree due to an energy crisis, with major copper mines seeing monthly production cuts of approximately 20,000 tons from power rationing; Indonesia's Grasberg mine full restart has been delayed to early 2028, expected to reduce copper supply by over 100,000 tons. Institutions have noted that the tight supply-demand dynamic remains unchanged, maintaining a bullish outlook on copper prices.

Within the Copper sector, the broader group strengthened, with Freeport-McMoRan up 1.74%, Taseko Mines up 3.65%, and Ero Copper up 5.43%. Southern Copper had previously surged to nearly $195 following record Q1 earnings before correcting to around $167, and has since entered a technical recovery channel.

(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.)