Southern Copper Corporation is a mining company that focuses on the exploration, development, and production of copper, molybdenum, zinc, and silver. They operate mines in Peru, Mexico, and Chile, and are one of the largest integrated copper producers in the world. Southern Copper Corporation plays a crucial role in supplying essential metals for various industries, including construction, electronics, and transportation.
The stock of Southern Copper Corporation has recently broken higher from a long-term basing pattern. This indicates a significant shift in the stock's price action and suggests a potential bullish trend. The first target for the stock sits at 110, which could be a key level of resistance or a price objective based on technical analysis.
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