U.S. Stock Market Movement | Copper industry concept stocks rise broadly, Southern Copper up over 5%

On Wednesday, U.S. copper concept stocks rose broadly, with Southern Copper up over 5%, Freeport McMoRan up over 4%, and Rio Tinto up over 2%. Analysts say that the Indonesian Grasberg mine disaster in September 2025 is a key turning point in the current copper market's supply-demand dynamics, marking a shift from surplus to shortage. Looking ahead to 2026, the copper market will face a severe situation of "low supply, low inventory, and high deficit." The supply-demand gap is expected to widen to 620,000 to 830,000 tons, reaching the most severe level in nearly a decade. Additionally, Goldman Sachs raised its copper price forecast for 2026 from $10,000 to $10,500 per ton, while maintaining its 2027 forecast of $10,750 per ton