Southern Copper Share Price Surges on Rising Copper Demand

Southern Copper's (SCCO) share price has been gaining momentum lately, with a 13.01% one-month return and a 35.11% year-to-date return.

The company's strong performance is attributed to rising copper demand from AI data centers and power grid upgrades.

Renewed interest in Southern Copper puts the company back on the radar for investors watching infrastructure themes.

According to a widely followed narrative, Southern Copper's fair value stands at $167.79, which is lower than its current market price of $194.89.

This suggests that the company may be overvalued by 16.1%.