Southern Copper Corp (SCCO)
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper ores in Peru, Mexico, and Chile. It involves the production of copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined silver and copper. The company operates the Toquepala and Cuajone mines in the Andes Mountains located southeast of the city of Lima, Peru, as well as a smelter and refinery in the coastal city of Ilo, Peru.
Much has been written on copper and companies that deal with copper lately. Some have written about copper falling more while others insist that the recent drop in price is a good point of entry. SCCO looks to be at a point where it could turn bullish and break out very soon. So for those who are interested in copper, here is one to look at. But we would suggest caution regardless.