$SCCO

Copper-linked assets fell on Wednesday, with the CPER fund dropping 0.55% to $39.81. Southern Copper declined 1.81% to $200.57. A stronger dollar and rising bond yields pressured metals, while supply risks in Chile limited losses. Escondida, owned by BHP, faces potential strike action after supervisors rejected a contract offer.

Copper prices held steady at US$14,416.50 per tonne on September 30, 2026, down 0.1%. Chile's copper output fell 12.8% year-on-year in August, the lowest since 2011. Unions at Antofagasta Minerals' Centinela mine voted 98.73% to strike. CPER fund fell 0.38%, Freeport-McMoRan lost 1.12%, while Southern Copper edged up 0.04%.

Southern Copper (SCCO) announced a $1.10 quarterly dividend, with analysts noting a 22% potential overvaluation at $203.92. The company has seen strong share price growth, with a 90-day return of 22.5% and a year-to-date return of 41.4%. Southern Copper plans $15B in capital investments, aiming to boost production and revenue, but faces risks from trade conflicts and cost inflation.

Copper prices rose for a sixth day, nearing record highs, due to Chinese stockpiling and shrinking inventories in Shanghai and London. Comex copper hit $6.8370 per pound, while LME copper reached $14,766 per tonne. Copper stocks in Shanghai fell 70% since June. Miners like Freeport-McMoRan and Southern Copper saw gains, recovering some September losses.

Copper prices rose due to Chinese physical demand, defying expectations from a hawkish Fed rate decision. Southern Copper (SCCO) and Freeport-McMoRan (FCX) gained 3.28% and 2.33%, respectively. Chinese restocking ahead of the National Day holiday drove the increase, with import premiums rising and London inventories falling. Chile and Peru, major copper producers, are key to the market's performance.

Copper prices stabilized on Friday, with LME copper at $14,233/tonne and US copper at $6.55/pound. Copper-tracking fund CPER rose 0.36%. Southern Copper and Freeport-McMoRan slipped slightly, while Nexa Resources and Teck Resources gained. The market reacted to a stalled US tariff proposal on refined copper, which had previously driven a rally. Chile and Peru remain key copper producers, with Chile expecting a 2.6% output decline in 2026. Upcoming events include China's industrial production dat

Copper prices hit record highs, with LME at $14,779/ton and NY futures at $3.74/lb, up 24% YTD. Frank Holmes of U.S. Global Investors (GROW) attributes this to supply constraints, not tariffs. Global mine production fell 1.1% H1 2026, with Chile's output at 19-year lows. Morgan Stanley (MS) now expects flat or lower production, the first annual decline since 2017. Demand is rising due to AI data centers and electricity infrastructure, with S&P projecting a 50% increase by 2040. Copper mining sto

Metals and mining stocks fell sharply as copper, gold, and silver prices dropped. Copper prices declined 5.3% after reports that the White House delayed copper tariffs. Freeport-McMoRan (FCX) fell 7%, Teck Resources (TECK) dropped 6%, and Southern Copper (SCCO) lost 6%. Gold and silver also saw significant declines, with gold down 1.6% and silver down 5.9%. The selloff follows a strong August rally for mining stocks.

Copper miners like Freeport-McMoRan (FCX) and Southern Copper (SCCO) are experiencing significant declines, with FCX down over 6% in a session and 4% in a week. Copper prices, which impact miner earnings, have pulled back, affecting equity values. Despite recent gains, the selloff highlights potential risks in the copper market, which is tied to infrastructure and technology demand.

Copper stocks fell sharply after a Reuters report indicated the White House delayed a decision on refined copper tariffs due to affordability concerns. Freeport-McMoRan, Southern Copper, and others saw significant declines. Analysts noted the impact on arbitrage and supply dynamics, with some maintaining long positions despite the drop.