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Southern Copper Corporation (SCCO)

- NYSE
  • May. 1, 2012, 5:35 PM
    Notable earnings after Wednesday's close: AGNC, ALL, APKT, ATML, AWK, CLR, CXO, CXW, DCT, EIX, ESS, EXPD, EXXI, GMCR, HIG, HTZ, IO, JDSU, KIM, LBTYA, LNC, MELI, MTD, MUR, NGD, NLY, ONNN, ONXX, PPO, PRU, PXD, RIG, SCCO, SHO, SUN, SYMC, TSO, V, WFM, WLT, YELP
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  • Apr. 18, 2012, 12:52 PM
    Southern Copper (SCCO -0.8%) considers making a $1B bid for a gold and silver project in Chile, according to local reports. The company already has six exploration projects in the northern part of the country in operation.
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  • Mar. 28, 2012, 11:08 AM
    Indonesia says it will delay talks on imposing an export tax for coal and base metals due to a lack of consensus between various ministries on policy.  Ministry officials note however, that it still plans to implement the charge later this year. Freeport McMoRan Copper & Gold (FCX -3.4%), Southern Copper (SCCO -1.5%).
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  • Mar. 27, 2012, 8:07 AM
    Morgan Stanley upgrades Southern Copper (SCCO) and Vale (VALE) to Overweight from Equal-Weight. Analysts cite the "big underperformance" in the stocks and see improved steel conditions in China benefiting both companies. Premarket: SCCO +1.0%, VALE +0.6%.
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  • Feb. 28, 2012, 8:15 AM
    The Chinese use of copper in financing schemes takes another turn as some banks begin suspending loans against the metal after finding companies using the same collateral to apply for loans from more than one lender. While putting a number on it is impossible, the practice is almost certainly a source of false demand for the metal.
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  • Feb. 13, 2012, 1:39 PM
    China's imports of copper - far in excess of anticipated need - suggests to Gordon Chang that Beijing is attempting to dress up its trade numbers. Even as exports fall off, China's trade surplus is growing as imports dive even faster, giving the U.S. the nod to pressure on trade issues. Later this year, look for China to stop buying copper and the price to dive.
    | 1 Comment
  • Feb. 10, 2012, 12:10 AM
    Notable earnings after Friday's close: SCCO
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  • Feb. 9, 2012, 5:35 PM
    Notable earnings after Friday's close: SCCO
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  • Feb. 1, 2012, 3:42 PM
    Industrial metals enjoyed January's risk rally, with the basket of futures trading on the LME rising 10.9%, led by tin (JJT), up 26.5%. Looking to sink below $3/lb. 3-4 months ago, copper (JJC) has rallied all the way back to $3.84, and resurfaced bullish talk that there's just not enough of the metal being mined.
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  • Jan. 27, 2012, 12:10 AM
    Notable earnings after Friday's close: SCCO
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  • Jan. 26, 2012, 5:35 PM
    Notable earnings after Friday's close: SCCO
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  • Jan. 17, 2012, 10:57 AM
    Copper stocks gain on the back of a 2.3% upside move in the metal after China's better-than-anticipated Q4 GDP data yesterday: Freeport McMoRan Copper & Gold (FCX +1.8%), Southern Copper (SCCO +2.1%), Takeko Mines (TGB +3.3%), HudBay Minerals (HBM +5%).
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  • Dec. 19, 2011, 3:22 PM
    Schnitzer Steel's (SCHN -8.5%) downward guidance of FQ1 results due to a weaker-than-anticipated global market for recycled metals, following Friday's warning from Steel Dynamics (STLD -3.6%), weighs on steel shares: X -7.7%, NUE  -1.8%, AKS -0.4%. Natural resource stocks also slide: CLF -6.5%, FCX -3%, SCCO -2.8%, AA -2.9%.
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  • Dec. 16, 2011, 9:37 AM
    "Two mega developments will impact world copper consumption: the level of global business activity and substitution," writes Simon Hunt, a veteran watcher of the market. With neither factor boding well for the metal, he says, all that's propping prices is copper's financialization. This too will end; "copper prices will fall sharply, and that is almost a given."
    | 13 Comments
  • Dec. 6, 2011, 9:59 AM
    Don't think mining shares are cheap? Poland's state-owned KGHM - the world's 9th largest copper producer - inks an all-cash deal to buy Canada's Quadra Mining (QADMF.PK +37%) for $3B. Quatra shares are trading higher than the $15 bid in Toronto, suggesting the possibility of a bidding war? (PR)
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  • Nov. 28, 2011, 1:37 PM
    Today's bounce in copper futures is helping to push copper mining stocks higher: Freeport-McMoRan Copper & Gold (FCX +6.6%), Augusta Resource (AZC +6.2%), Southern Copper (SCCO +6%), Cliffs Natural Resources (CLF +5.8%), HudBay Minerals Inc. (HBM +5.5%), Taseko Mines (TGB +4.3%) and Western Copper & Gold (WRN +3.8%).
    | 1 Comment
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Company Description
Southern Copper Corp is producer of copper, molybdenum, zinc and silver. The Company's segments include Peruvian operations, Mexican open-pit operations, Mexican underground mining operations.
Industry: Copper
Country: United States