SMM Morning Meeting Minutes: LME copper opened at $11,093.5/mt overnight, initially traded sideways before copper prices rose to a high of $11,200/mt, then fell sharply to a low of $11,049/mt near the session's close, and finally settled at $11,090/mt, up 0.55%, with trading volume reaching 29,000 lots and open interest at 328,000 lots. The most-traded SHFE copper contract 2512 opened at 88,780 yuan/mt overnight, touched a low of 88,520 yuan/mt early in the session, then fluctuated upward to a high of 89,270 yuan/mt, and finally settled at 89,130 yuan/mt, up 1.23%, with trading volume at 109,000 lots and open interest at 292,000 lots.

SMM Morning Meeting Minutes: LME copper opened at $10,670/mt overnight, initially fluctuating downward to test a low of $10,615/mt, then the center of copper prices shifted upward to test a high of $10,706.5/mt, before fluctuating considerably and finally closing at $10,658.5/mt, up 0.59%, with trading volume reaching 16,000 lots and open interest reaching 317,000 lots. The most-traded SHFE copper contract 2512 opened at 85,280 yuan/mt overnight, immediately testing a low of 84,500 yuan/mt at the beginning of the session, then the center of copper prices rose all the way to test a high of 85,730 yuan/mt, before fluctuating downward and finally closing at 85,380 yuan/mt, up 0.46%, with trading volume reaching 47,000 lots and open interest reaching 234,000 lots.

Southern Copper Corporation has secured a mining licence for its USD 1.8 billion Tía María copper project in Peru’s Arequipa region, marking a major step after years of delays and local opposition. The project is expected to start production in 2027 and could boost investor confidence in Peru’s mining sector.

FORA Capital LLC decreased its holdings in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 71.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,691 shares of the basic materials company's stock after selling 9,450 shares during the period. FORA Capital LLC's holdings in Southern Copper were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Trexquant Investment LP lifted its stake in shares of Southern Copper Corporation (NYSE:SCCO - Free Report) by 82.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,221 shares of the basic materials company's stock after buying an additional 74,937 shares during the quarter. Trexquant Investment LP's holdings in Southern Copper were worth $15,535,000 at the end of the most recent reporting period.