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Southern Copper Corporation (SCCO)

  • 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."
  • 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%).
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  • Nov. 10, 2011, 4:30 AM
    Mitsubishi (MSBHY.PK) pays $5.39B for a 24.5% stake in Anglo American's (AAUKY.PK) Chilean copper unit. The deal is Japan's largest ever mining acquisition and will almost double Mitsubishi's copper output at time when global demand is expected to increase over 40% by 2020. (PR)
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  • Oct. 12, 2011, 10:27 AM
    Check out the remarkable moves in currencies (aussie +300 pips in 12 hours!) and key commodities starting right about the time China opened for business last night  This rally may have little to do with Europe and everything to do with China showing signs of opening the spigots again. Chinese shares +3%. RE ETF: TAO +5.1%.
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  • Sep. 23, 2011, 10:09 AM
    Silver miners continue to have a brutal week, as yesterday's huge decline in silver prices is followed up by an even larger drop today. SLW -3.7%. CDE -4.4%. SSRI -3.4%. EXK -4.3%. But some copper miners are rebounding a little, even as the metal sheds another 3.4%. FCX +0.9%. SCCO +1.3%. BHP +0.7%.
  • Sep. 21, 2011, 1:01 PM
    It's another bad day for copper: Prices fall 2.2% to $3.73/lb, marking the low since November as the miners can't seem to escape bad news (I, II) on the production front either. Decliners: RIO -2.2%, FCX -4.1%, BHP -2.8%, FM -4.5%, SCCO -2%.
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  • Sep. 20, 2011, 3:38 PM
    Copper prices continue their plunge today, -2% to $3.70/lb, taking shares of copper companies with them: Freeport McMorRan Copper & Gold (FCX -4.5%), Southern Copper (SCCO -3.5%), Rio Tinto (RIO -0.6%), BHP Billiton (BHP -0.6%), Augusta Resources (AZC -5.1%).
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  • Jul. 26, 2011, 4:50 PM
    Eying continued supply world supply shortfalls, Southern Copper (SCCO) plans to double its copper output by 2015 through a combination of new mines and expansion of existing. The firm's shares have completely bounced back from their hammering in the wake of Ollanta Humala's election victory in Peru.
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  • Jul. 7, 2011, 4:52 PM
    Southern Copper (SCCO) was one of the hardest hit stocks following the election of Ollanta Humala in Peru. The move may have been overdone as its parent - Groupo Mexico - adept at navigating any number of political ideologies, aims to revive a $1B Peruvian project that was put on hold last year by the government.
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  • Jul. 7, 2011, 11:47 AM
    Copper continues its remarkable run from last Monday when risk markets around the planet ended their slump. The metal is 9.4% higher in less than 8 sessions after tacking on 2.3% today. At $4.43/lb., copper is within sight of its all-time high around $4.60. JJC +2.4%.
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SCCO vs. ETF Alternatives
Company Description
Southern Copper Corp 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