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NYSE:SCCO 24 September 2025 - 3 February 2026

Copper Hits Record in China and Jumps in New York as Tariff Uncertainty Fuels a 2026 Supply Squeeze — and a “Phantom Deficit” Debate

Copper Hits Record in China and Jumps in New York as Tariff Uncertainty Fuels a 2026 Supply Squeeze — and a “Phantom Deficit” Debate

December 26, 2025 — Copper closed out the post‑holiday week with a fresh surge that underscores just how unusual—and how politically sensitive—the global metals market has become. Prices pushed to all‑time highs in Shanghai and jumped again in New York, as traders weighed tightening feedstock signals for 2026 against a tariff-shaped supply chain that is increasingly split into “U.S. copper” and “everyone else’s copper.” The Business Times
Southern Copper (SCCO) Skyrockets on Copper Price Boom – Key Facts & Outlook

Southern Copper (SCCO) Skyrockets on Copper Price Boom – Key Facts & Outlook

Southern Copper’s stock has been on a tear in recent weeks, climaxing with a sharp rally around September 24, 2025. On that day, SCCO surged roughly 8–9%, hitting a new 52-week high of about $117–$121 per share ca.investing.com ainvest.com. This jump was the stock’s largest single-day gain in over a year ainvest.com. The rally coincided with a spike in copper prices, underscoring Southern Copper’s sensitivity to the commodity. Year-to-date, SCCO is up roughly 27%, reflecting robust investor confidence and far outpacing the broader market. By comparison, rival Freeport-McMoRan’s stock was up around 18% YTD before its recent drop ca.investing.com. Southern Copper’s market capitalization now hovers near $90 billion, approaching the scale of diversified mining giants.
24 September 2025
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