To The Moon

$Southern Copper Corp(SCCO)$ $Freeport-McMoRan(FCX)$ $BHP GROUP LTD(BHP.AU)$ $Copper 2505(HGmain)$ 

🚨🔥🪙 Copper Shockwave or Red-Hot Mirage? 🪙🔥🚨

Hey Tigers! Have you noticed what’s happening with copper? COMEX copper prices just soared to a record high of $5.321879 per pound, spiking 1.33% in a single day. It’s got my attention, especially since this surge ties into talks of Trump’s potential copper import tariffs hitting in the next few weeks. I’m intrigued by how this could shake things up, so let’s dive into what it might mean for some of the top volume traded copper stocks, like Southern Copper Corporation (SCCO), Freeport McMoRan (FCX), and BHP Group (BHP), and the broader implications.

First off, let’s talk about Southern Copper Corporation (SCCO). This stock’s been buzzing lately, and for good reason. They recently paused their stock buyback programme, which seems to have lit a fire under their share price, it’s up 11% in just the past week. Even with a director offloading some shares, the momentum hasn’t slowed. UBS jumped in with an upgrade from Neutral to Buy, slapping a $120 price target on SCCO. They’re betting on a looming copper market deficit, and growth from SCCO’s Tia Maria project in Peru. I can see why that’s exciting, higher copper prices could pad their profits, especially if tariffs give US focused producers an edge. But I wonder, if global demand softens due to trade spats, could that offset some of these gains?

Then there’s Freeport McMoRan (FCX), another heavyweight in the copper game. It’s been riding this price wave too, with gains popping as copper hit these highs. I’ve seen some chatter on X pointing out that FCX, along with SCCO, is still 20 to 25% below its 52 week high. That’s got me thinking, if copper prices hold steady or climb further, there could be serious upside here. FCX operates massive mines, like Grasberg in Indonesia, and benefits directly from price surges. Tariffs might boost their domestic operations, but since they’re a global player, any retaliatory trade barriers could complicate things. It’s a tightrope walk, higher prices are great, but global trade tension? Not so much.

And let’s not overlook BHP Group (BHP). While it’s a diversified mining giant, not just copper focused, it’s got significant copper assets, like the Escondida mine in Chile, the world’s largest. I don’t have the latest trading specifics at my fingertips, but BHP’s scale makes it a top volume traded stock in this space. Rising copper prices should lift their bottom line, no question. Yet, as a global operator, BHP might feel the pinch if tariffs spark a trade war, think higher costs or disrupted supply chains. Still, their diversification into iron ore and other commodities might cushion the blow compared to pure play copper firms.

Stepping back, this whole situation fascinates me. These tariffs could be a boon for US based copper stocks like SCCO and parts of FCX’s portfolio, protecting them from cheaper imports. But industries like electronics and construction, which guzzle copper, might groan under higher costs, think pricier wiring or renewable energy gear. And globally? If other countries hit back with their own tariffs, stocks like BHP, with its international exposure, could face headwinds. For investors, it’s a mixed bag, potential rewards from price spikes and domestic favouritism, balanced against the risk of market volatility if trade tensions flare.

So, here’s where I’m at, what do you reckon? Are stocks like SCCO, FCX, and BHP poised to shine if these tariffs kick in, or could global pushback throw a wrench in the works? I’d love to hear your take!

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