The Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market movements of over 29 different commodities and provides bullish, bearish, and neutral calls, directional trading recommendations, and actionable ideas for traders and investors.Copper is the leading base metal and a critical infrastructure-building block. Meanwhile, copper’s applications in green and traditiona ...

The Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market movements of over 29 different commodities and provides bullish, bearish, and neutral calls, directional trading recommendations, and actionable ideas for traders and investors.Copper is the leading base metal and a critical infrastructure-building block. Meanwhile, copper’s applications in green and traditiona ...

Itau BBA downgraded Southern Copper Corporation (NYSE:SCCO) to "Underperform" despite its strong momentum score of A from Zacks Investment Research.The company's stock price has seen a significant increase, currently at $147.18, with a year's trading range between $72.86 and $149.75.Southern Copper's market capitalization is approximately $120.3 billion, with a trading volume of 920,961 shares, indicating high investor interest.Southern Copper Corporation (NYSE:SCCO) is a major player in the mining industry ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Key Takeaways Copper prices hit a record $5.96/lb in July and are up 35.8% this year on strong U.S. and China demand.Supply fears from mine disruptions and slow project timelines are fueling expectations for higher prices.SCCO, TECK and BHP are positioned to benefit as the energy transition trend drive long-term copper demand.Copper prices have lately demonstrated renewed momentum and are heading into 2026 with stronger price expectations, supported by tightening global supply, lingering uncertainty around ...

Investment Rating - The report maintains a "Recommended" investment rating for the copper industry [10]. Core Insights - The production of major copper-producing countries, Chile and Peru, has shown mixed results, with Chile's production slightly increasing and Peru's production recovering after a decline in 2024 [4][18]. - The overall production from twelve overseas copper mining companies has decreased, with significant declines noted in Freeport and Glencore due to operational disruptions [5][66]. - Future new or expanded copper mining projects are limited, indicating a potential supply constraint in the coming years [8][10]. Summary by Sections 1. Copper Production from Major Producing Countries - Chile's copper production for January to September 2025 reached 3.972 million metric tons, a year-on-year increase of 0.1% [4][18]. - Peru's copper production during the same period was 2.048 million metric tons, reflecting a year-on-year increase of 2.58% [4][18]. - The increase in Chile's production is primarily attributed to the Escondida project, while Peru's growth is driven by Las Bambas and Toromocho projects [4][18]. 2. Overseas Copper Mining Companies' Production - The total copper production from fifteen major copper mining companies in the first three quarters of 2025 was 9.3231 million metric tons, a slight increase of 0.36% year-on-year [5][43]. - Excluding three Chinese companies, the twelve overseas companies reported a total production of 7.5641 million metric tons, a decrease of 2.42% year-on-year [5][43]. - Freeport and Glencore experienced significant production declines of 13.61% and 17.26%, respectively, due to operational issues [5][66]. 3. Future Project Developments - There are few new or expanded copper mining projects anticipated, with notable projects like Codelco's Rajo Inca and First Quantum's Kansanshi expansion expected to contribute limited additional supply [8][9]. - Long-term projects such as Rio Tinto's Oyu Tolgoi are in ramp-up phases, with expected production increases by 2028 [9].

Summary of Mining Equities Conference Call Industry Overview - **Sector Performance**: In 2025, mining equities outperformed equity benchmarks, primarily driven by gold and copper, while ferrous metals and energy remained flat or declined [1][15] - **2026 Outlook**: Expectations for copper, aluminium, and lithium to outperform due to supply constraints and energy transition, with a cautious view on traditional end markets in developed economies [2][15] Key Commodities Insights Copper - **Market Dynamics**: The medium-term outlook for copper remains bullish, with expectations of market tightness in 2026 due to limited growth in global mine output and a deficit in refined output [3][4] - **Investment Opportunities**: Freeport is highlighted as a top pick due to its discounted valuation and expected production recovery at the Grasberg mine [4][23] Aluminium - **Demand vs Supply**: The outlook for aluminium is mixed; while demand holds up, supply constraints are expected, particularly from China and developed markets [5][24] - **Investment Recommendation**: A buy recommendation for Norsk Hydro is reiterated, with expectations of stable operations and potential cash returns [8][24] Gold - **Market Sentiment**: Gold remains a consensus macro trade, with equities delivering strong returns in 2025. However, valuations are less compelling than at the start of the year [9][22] - **Top Picks**: Barrick and Newmont are identified as top picks, with potential for further catalysts in 2026 [10][22] Iron Ore - **Price Forecast**: The medium-term outlook for iron ore is bearish, with prices expected to stabilize around $100/t in the short term and decline to $90/t by 2027 due to increased supply from Simandou [11][20] Coal - **Market Conditions**: Met coal prices have risen above $200/t due to demand and supply disruptions, while thermal coal remains stable at $110/t [12][20] Diversified Miners - **Performance Comparison**: Vale outperformed in the bulks sector, while RIO and BHP performed in line with benchmarks. A preference for RIO over Vale and BHP is noted due to better growth prospects [13][25] Earnings and Price Target Changes - **Adjustments**: Earnings estimates and price targets have been adjusted based on commodity price forecasts, with notable upgrades for copper miners like FCX and KGHM [28][29] Conclusion - **Investment Strategy**: The report emphasizes a selective investment approach in mining equities, focusing on commodities with strong fundamentals and potential for price gains, particularly copper, aluminium, and gold [2][15][22]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various resources like daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank, helping investors identify securities likely to outperform the market in the short term [2][3] Value Score - The Value Style Score identifies attractive and discounted stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [4] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by evaluating factors like one-week price changes and monthly earnings estimate changes [5] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating that highlights stocks with strong value, growth forecasts, and momentum, making it a valuable tool alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [9] Company Spotlight: Southern Copper Corporation (SCCO) - Southern Copper Corporation, based in Phoenix, AZ, is involved in mining, exploring, smelting, and refining copper and other minerals across several countries including Argentina, Chile, Ecuador, Mexico, and Peru [11] - SCCO holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [11] - The company is particularly appealing to growth investors, with a Growth Style Score of B and a projected year-over-year earnings growth of 19.9% for the current fiscal year [12] - Recent upward revisions in earnings estimates by three analysts for fiscal 2025 have increased the Zacks Consensus Estimate by $0.24 to $5.19 per share, alongside an average earnings surprise of +6.3% [12]

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Southern Copper (SCCO) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Southern Copper is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks S ...

Group 1 - Southern Copper Company (SCCO) is highlighted as a leading player in the copper production industry, well-positioned to benefit from the growth in AI infrastructure, electrification, and renewable energy sectors [1] - The article emphasizes the importance of copper in the new economy, particularly in technology and energy sectors, suggesting that discerning investors should consider investing in SCCO [1] Group 2 - The author has extensive experience in various roles within the oil and gas industry, including market analysis and financial management, which supports the credibility of the insights provided [1] - The focus of the research and analysis is on disruptive technologies, renewable energy, and base metals, particularly copper and copper-producing companies [1]