The fundamentals remain in place to support copper prices, Southern Copper (SCCO +0.4%) says in...

|About: Southern Copper Corporation (SCCO)|By:, SA News Editor
The fundamentals remain in place to support copper prices, Southern Copper (SCCO +0.4%) says in its earnings conference call. After its Q1 average price for copper fell ~4.5% Y/Y, SCCO expects a recovery in copper prices on stronger demand, particularly from Asia, in upcoming quarters; it maintains its full-year production guidance of 650K tons of copper.