Southern Copper - Rising Copper Demand and US Tariffs on Copper Create Strong Outlook!

Business drivers: Southern Copper (SCCO) has several large copper mines with Toquepala and Cuajone in Peru, La Caridad and Buenavista in Mexico, where copper, silver, and molybdenum are extracted and further processed. As a result, Southern Copper is currently benefiting from the robust US economy not only due to the rising demand for copper. Since US President Trump announced import tariffs on copper imports of 50%, Southern Copper is also expected to benefit from higher sales prices. On September 19, UBS reaffirmed its rating of Buy and...