$SCCO

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.

Freeport-McMoRan (FCX) shares dropped 8% to $70.43 after the White House delayed a decision on refined copper tariffs, causing copper prices to fall. Southern Copper (SCCO) and Teck Resources (TECK) also declined 7%. The Global X Copper Miners ETF (COPX) fell 7%, while the broader market saw minimal impact. Copper prices had surged on tariff expectations, but uncertainty led to a reversal. FCX remains up 40% YTD despite the drop.

Macy's (M) reported Q2 revenue beat, raised guidance, shares down 1.6%. Meta (META) rose 1.4% on JPMorgan upgrade. Apple (AAPL) up 1% post-foldable iPhone launch. Novartis (NVS) gained 2% after shareholder called for board overhaul. Copper miners Freeport-McMoRan (FCX) and Southern Copper (SCCO) fell ~7% and 6% respectively. AeroVironment (AVAV) jumped 5% on Q1 earnings beat. American Eagle (AEO) dropped 15% after Q2 sales miss. Navan (NAV) sank 15.4% despite slight earnings beat. Cooper Compani

Southern Copper (SCCO) fell 6.8% in pre-market trading to $195, driven by a decline in copper spot prices and softening demand expectations. The stock remains above its 52-week low of $97.90 but below its recent high of $220.78. No company-specific catalysts were identified, and the broader market showed little movement. The decline reflects the stock's sensitivity to commodity price fluctuations.

Copper prices paused near record highs as China's imports dropped and mine supply is set to decline for the first time since 2017. US imports surged ahead of potential tariffs, with Comex copper up 22% in 2026. Analysts predict further price increases, but warn of risks. Ivanhoe Mines gained 17% on a major discovery.

Copper futures and mining stocks surged on September 8, 2026, due to supply concerns from Chile and Peru, and potential US tariffs. Freeport-McMoRan rose 5.35% to $76.62, while Southern Copper gained 4.93% to $208.56. The CPER copper-futures tracker increased 1.55% to $40.57, reflecting tighter futures curves.