Southern Copper Corrects: The Compelling Case For It And Copper

(8min)

Summary

  • Copper's long-term bullish trend remains intact, with higher lows and highs despite significant corrections, suggesting continued price increases.
  • Southern Copper Corporation offers leveraged performance, outperforming copper prices during rallies and underperforming during corrections, making it an attractive investment.
  • Green energy initiatives, inflationary pressures, and potential Chinese economic recovery support a compelling case for new highs in copper prices.
  • SCCO’s strong profitability, positive factor grades, and attractive dividend yield enhance its appeal as a leading copper producer for portfolios.
  • Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More »

Large dumptruck in utah copper mine

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Copper’s (HG1:COM) bull market is nearly a quarter of a century old, and the prospects are for higher prices over the coming years. Since the November 2001 60.40 cents per pound low, copper has traded in a

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This article was written by

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Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals.

He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.

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