US Stock Movement | Copper Metal Sector Strongly Rises, ERO Copper Up Over 6%
On Thursday, the copper and metal sector of the US stock market surged significantly, with ERO Copper rising over 6%, Southern Copper increasing nearly 6%, and Freeport McMoRan rising over 5%. In terms of news, Goldman Sachs expects that due to tariffs leading to a reduction in copper inventories outside the US and resilient economic activity in China, copper prices will rise to a peak of $10,050 per ton in August 2025. Additionally, analysts have raised their copper price forecasts for the second half of the year to an average of $9,890 per ton, an increase of 8.2% from previous estimates
According to Zhitong Finance APP, on Thursday, the copper metal sector in the US stock market saw significant gains, with Ero Copper (ERO.US) rising over 6%, Southern Copper (SCCO.US) increasing nearly 6%, and Freeport McMoRan (FCX.US) climbing over 5%. On the news front, Goldman Sachs expects that due to tariffs leading to a reduction in copper inventories outside the US and resilient economic activity in China, copper prices will rise to a peak of $10,050 per ton in August 2025. Additionally, analysts have raised their copper price forecast for the second half of the year to an average of $9,890 per ton, an increase of 8.2% from previous estimates
