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Southern Copper Corp. Message Board

  • ddblonde30 ddblonde30 Jun 19, 2013 4:36 PM Flag

    Copper due for a turnaround heres why ...

    The demand for copper is increasing and the anticipated surplus is not going to be there .
    The land slide in Kennecott Utah crippled its Bingham Canyon Mine.
    Chinas although not the 8 % growth but 7.5 % is not bad or far off, so demand is not decreaseing.
    Yesterdays (FCX) has invoked the force majeure clause for shipments from its Grasberg mine in Indonesia
    should be down for a couple of months.
    Building in the U.S.A is above what was anticipated , so increased demand .

    Sentiment: Strong Buy

25.77-0.19(-0.73%)Sep 26 4:02 PMEDT