Southern Copper marked new highs again

Updated on:
Nov 20th, 2020

Southern Copper Corporation ($SCCO) price inched on Friday a 1.39% closing at $56.83 and marking the new all-time highs at $57.45.

Since last March, Southern Copper has been drawing an uptrend that so far marked an amazing 148.38%. The price shows higher highs and higher lows, and along the way gave some entry points for those who wanted to trade in. Latest pullback was last September, when price bounced at $42.87. Southern Copper broke out above $48.74 (its last top) in mid-October. That breakout was a good buy point that resulted in a 16.6% gain

Turquoise Hill Resources released financial report in the last few days.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.. The stock belongs to the Copper industry in the Basic Materials sector. The firm employs 14,301 people worldwide and has its headquarters in Phoenix, United States. Check for further information at its corporate site at http://www.southerncoppercorp.com.

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