U.S. Stock Market Update: Southern Copper down 7.13%

U.S. Stock Market Midday Dispatch

Southern Copper fell 7.13%, with increased trading volume. Based on recent key news:

1. On July 30, the Chief Financial Officer of Southern Copper stated in a conference call that the U.S.-China trade war will impact the global economy, thereby affecting the copper industry, leading to a decline in stock prices.

2. On July 29, Southern Copper reported a slight decline in adjusted EBITDA for Q2 2025; although the EBITDA profit margin improved, the market reacted negatively, causing the stock price to drop.

3. On July 28, Southern Copper announced a quarterly dividend of $1.01 per share; despite the high yield, it failed to boost market confidence, resulting in a stock price decline.

Stocks with High Trading Volume in the Industry

Freeport-McMoRan Copper & Gold fell 9.91%. Based on recent important news:

1. On July 30, weak demand in the U.S. manufacturing and electric vehicle sectors, along with copper tariffs affecting profit margins, led to a 9.91% drop in stock prices.

2. On July 28, analysts maintained a hold rating due to poor stock performance and a dividend yield below the industry median.

3. On July 28, Singapore Airlines reported a significant decline in profits, with macroeconomic uncertainty affecting market sentiment.

Taseko Mines fell 10.12%, with increased trading volume. Based on recent key news:

1. On July 22, Taseko Mines released its financial report through the EDGAR system, showing performance below expectations, leading to a significant drop in stock prices.

2. On July 18, TAO Synergies Inc. announced a $10 million investment in Bittensor tokens, increasing market interest in crypto assets and diverting investment interest away from mining stocks.

3. On July 4, a block trade of Da Mei Co. was executed at a discount, affecting market sentiment and weakening investor confidence in mining stocks.

ERO Copper fell 5.04%, with increased trading volume. Based on recent key news:

1. On July 30, ERO Copper's quarterly financial report showed that, despite exceeding expectations in some quarters, overall performance was poor, especially for the quarter ending June 30, 2024, leading to a loss of market confidence and a 5.04% drop in stock prices.

2. On July 29, the market expressed concerns over falling copper prices, with price fluctuations directly impacting ERO Copper's earnings expectations, further exacerbating the decline in stock prices.

3. On July 28, analysts downgraded ERO Copper's rating, citing uncertainty in its future profitability, which intensified selling pressure from investors.

Stocks with High Market Capitalization in the Industry

MAC Copper fell 0.04%, with a market capitalization of $996 million. Based on recent important news:

1. On May 27, MAC Copper sought a trading halt while awaiting a potential control transaction announcement, leading to stock price volatility

2. On May 27th, Harmony Gold announced a cash acquisition of MAC Copper at a premium of 20.7%, driving the stock price up by 17.3%.

3. On May 28th, Scotiabank downgraded MAC Copper's rating to market perform, with a target price of $13, affecting market confidence