Southern Copper Corp.SCCOBUYAug 31, 2026Stock price when the opinion was issued
As of Sep 04, 2026. Market Open.
It is more expensive and less effective in terms of operations than others. Copper has done well and should continue to do so since there is huge demand. It should double over the next ten years. He owns Freeport-McMoRan in the space which produces one million pounds out of the US and has other production, for example its mine in Indonesia.
Copper has been booming the past year from data centre demand. In July, SCCO tested its 200-day moving average and a floor of support, then ripped higher. It's now in a bullish trading channel. Is up 50% this year, but expects more room to run. There are option calls for October at $210 and $220 and $220 in January. If it break above $220, Lang targets $250.