US Stock Market Move | Copper mining sector collectively rose in pre-market trading, with Southern Copper Corporation (SCCO.US) up nearly 8%.

On Thursday, the copper mining sector collectively rose before the market opened, with Ero Copper (ERO.US) up over 9%, Taseko Mines (TGB.US) up nearly 9%, Southern Copper Corporation (SCCO.US) up almost 8%, and Hudbay Minerals (HBM.US) up nearly 6%. In terms of news, today London copper's main contract rose more than 10% intraday, reaching historic highs in price. Market analyst Divyang Shah stated that the recent heat in the precious metals market remains high, with copper prices also hitting historic highs. Although copper prices have not risen as much as gold and silver this year, the logic supporting its bull market is very strong: questioning the independence of the Federal Reserve, continuing political risks for GEO Group Inc, expectations of a weakening US dollar, a fragmented supply chain pattern, market positioning in advance to prevent supply shocks, and the additional demand brought by the field of artificial intelligence have all become the core logic driving fund positioning.