Southern Copper Reacts as Copper Prices Plummet

Copper prices have cooled off after reaching record territory in recent sessions due to a combination of factors.

The metal slipped towards its weakest level in a month before steadying, weighed down by surging long-dated bond yields and renewed geopolitical tensions.

Southern Copper (NYSE:SCCO), one of the largest publicly traded copper miners globally, is advancing a multi-billion-dollar expansion program across Peru and Mexico over the coming decade. The company's earnings move almost mechanically with the copper price, making this kind of market movement significant for it.