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Commodities

SCCO Stock Soars on Strong Earnings Amid Rising Copper Demand

Guavy AI Editorial Team
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Copper
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Southern Copper Corporation's stock has continued its rally after strong Q2 earnings, with shares trading up by 8.21 percent amid bullish sentiment on rising global copper demand.

The company reported a significant increase in EPS to $2.01 from $1.17 and revenue to $4.29B from $3.05B, marking a clean year-over-year acceleration.

However, a downgrade from CICC to Market Perform with a $180.70 price target suggests some concern over how much upside is left after SCCO's run.

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