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Wells Fargo Maintains Equal-Weight on Southern Copper, Raises Price Target to $190
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Shares of copper-related companies are trading higher after reports suggesting of Chinese copper price gains amid a tight physical market for the region. Also, lack of clarity on U.S. copper import tariffs is yielding strong demand in global physical markets, further supporting prices.
Shares of copper-linked companies are trading higher on rising Chinese demand, after the Yangshan copper premium reached its highest level since October 2022. Supply issues and U.S. tariff concerns have contributed to recent strength.