--- title: "U.S. Stock Market Update: Southern Copper down 7.13%" description: "Southern Copper fell 7.13%; Freeport-McMoRan Copper & Gold Inc. fell 9.91%, with a transaction volume of USD 1.759 billion; Taseko Mines fell 10.12%, with a transaction volume of USD 42.85 million; ER" type: "news" locale: "en" url: "https://longbridge.com/en/news/250849015.md" published_at: "2025-07-30T19:17:54.000Z" --- # U.S. Stock Market Update: Southern Copper down 7.13% > Southern Copper fell 7.13%; Freeport-McMoRan Copper & Gold Inc. fell 9.91%, with a transaction volume of USD 1.759 billion; Taseko Mines fell 10.12%, with a transaction volume of USD 42.85 million; ERO Copper fell 5.04%, with a transaction volume of USD 8.09 million; MAC Copper fell 0.04%, with a market capitalization of USD 996 million **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 ### Related Stocks - [SCCO.US - Southern Copper](https://longbridge.com/en/quote/SCCO.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Pring Turner Capital Group Inc. Buys Shares of 25,501 Southern Copper Corporation $SCCO | Pring Turner Capital Group Inc. acquired 25,501 shares of Southern Copper Corporation (NYSE:SCCO) valued at approximatel | [Link](https://longbridge.com/en/news/276119550.md) | | Andina Copper Launches New Drilling Campaign at Piuquenes Project | Andina Copper Corporation has launched a new drilling campaign at its Piuquenes Project in Argentina, focusing on Piuque | [Link](https://longbridge.com/en/news/275472551.md) | | Lundin Gold Extends Ecuador Porphyry Corridor to 10 km With New Discovery and Record Intercept | Lundin Gold has reported significant exploration results near its Fruta del Norte gold mine in Ecuador, extending the mi | [Link](https://longbridge.com/en/news/275823176.md) | | Algo Grande Copper Seeks $5 Million to Fund Phase II Drilling at Adelita Project | Algo Grande Copper Corp. is seeking to raise up to $5 million through a non-brokered private placement of 7,692,308 comm | [Link](https://longbridge.com/en/news/275648908.md) | | Fake Milano Cortina sites target thousands with discount scams, cybersecurity firm says | Cybersecurity firm Bitdefender has reported a surge in online scams targeting shoppers with fake Milano Cortina 2026 mer | [Link](https://longbridge.com/en/news/276149499.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.