Copper is having a strong year, and Southern Copper Corporation (SCCO) is benefiting. COMEX copper futures have gained more than 17% in 2026, reaching a record near $6.90 per pound on Aug. 6.
Tariff concerns, supply limits in Congo, and mine disruptions in Chile have helped keep copper prices elevated. Southern Copper followed that trend with its best quarter yet. Its second-quarter 2026 net sales reached a record $4,289.0 million, up 40.6% from a year earlier, while net income rose 71.6% to a record $1,670.0 million.
