Southern Copper Corp (USA) (NYSE:SCCO)
CAPS Rating:
The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.
The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.
Recs
At these levels the price suggests the use of copper has stopped. This isn't the case! Copper continues to be an important material and its continued use is guaranteed. China is still a huge user and the current price is a bargain for this company. And don't forget that dividend!