US Stock Market Move | Copper concept stocks generally increased in price, with Southern Copper Corporation (SCCO.US) rising more than 5%.

On Wednesday, copper concept stocks in the U.S. stock market rose across the board, with Southern Copper Corporation (SCCO.US) up more than 5%, Freeport-McMoRan Inc. (FCX.US) up more than 4%, and Rio Tinto plc Sponsored ADR (RIO.US) up more than 2%. Analysts said that the September 2025 Grasberg mine disaster in Indonesia was a key turning point in the supply and demand dynamics of the copper market, marking a shift from surplus to shortage. Looking ahead to 2026, the copper market will face a severe situation of "low supply, low inventory, high deficit." The supply-demand gap is expected to widen to 620,000-830,000 tons, reaching the most severe level in nearly a decade. In addition, Goldman Sachs Group, Inc. raised its 2026 copper price forecast from $10,000 to $10,500 per ton and maintained its 2027 forecast at $10,750 per ton.