Copper supply constraints and tariff concerns are supporting elevated copper prices, which benefits copper-producing companies like Southern Copper and the broader market

"Tariff concerns, supply limits in Congo, and mine disruptions in Chile have helped keep copper prices elevated."

"The company plans to spend more than $20.5 billion over the next decade to raise annual copper production to about 1.6 million tons by 2033... Southern Copper says its large copper reserve base gives it room to grow while keeping production costs competitive."