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The Copper — Wires Everywhere · The Rocks & Powders — Critical Materials

SCCO

Southern Copper
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Lowest-cost copper producer — Peru + Mexico operations

What they do

Less reported, less covered than FCX but with lower cash cost per pound and longer mine life . Toquepala and Cuajone in Peru, Buenavista in Mexico. Pays meaningful dividend. The "compounder" of copper miners — slower beta but durable.