---
title: "PRECIOUS METALS | Rising Gold and Silver Prices Impact Copper Production Costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284913611.md"
description: "Copper miners Southern Copper Corp. and Vale SA are benefiting from rising gold and silver prices, which have caused the cost of producing copper to become negative. This situation underscores the influence of precious metal market fluctuations on the copper mining sector, as reported by Bloomberg."
datetime: "2026-05-01T15:07:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284913611.md)
  - [en](https://longbridge.com/en/news/284913611.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284913611.md)
---

# PRECIOUS METALS | Rising Gold and Silver Prices Impact Copper Production Costs

Copper miners Southern Copper Corp. and Vale SA are experiencing a unique financial scenario as the prices of byproducts such as gold and silver soar. Bloomberg posted on X that this surge in byproduct prices has led to a situation where the cost of producing copper has effectively become negative. This development highlights the significant impact of precious metal market fluctuations on the copper mining industry.

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