Freeport-McMoRan Copper & Gold's (FCX) decision to diversify into the oil and gas sector has not only shocked its investors but it has also increased Southern Copper Corporation's (SCCO) value to investors seeking a pure-play on copper. While FCX is down more than 16% since the company announced proposed acquisitions, SCCO is up 6.0%. We wrote a piece on FCX's foray into the energy sector earlier; today we will do a detailed analysis of SCCO and why we like this copper miner.
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Source: Google Finance
SCCO is one of the largest integrated copper miners in the world. The company mines, processes, and markets primarily copper, molybdenum, zinc, and silver. Copper...