On June 2, Southern Copper rose 3.01% in regular trading, trading at $196.815/share, with trading volume of approximately $120 million, extending its recent rebound trajectory.

On the news front, global copper mine supply-side disruptions continue to intensify. Peru issued an emergency decree amid an energy crisis, with major copper mines facing power rationing that reduces capacity by approximately 20,000 tons per month. Meanwhile, Indonesia's Grasberg mine full resumption has been delayed to early 2028, expected to reduce copper supply by over 100,000 tons. Institutions note that the tight supply-demand dynamic remains unchanged, with the copper price center continuing to shift upward.

Within the Copper sector, the broader group strengthened collectively. Among individual stocks, Freeport-McMoRan up 2.21%, Taseko Mines up 5.73%, Ero Copper up 3.65%. Southern Copper had previously surged to near $195 following record Q1 earnings, then pulled back to around $167 before entering a technical recovery channel. The current price has now broken above the prior high.

(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.)