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Which Stock is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Freeport-McMoRan and Southern Copper: Which stock is better?

The performance of stocks like Southern Copper (NYSE 🙂 or Freeport-McMoRan(NYSE 🙂 should be driven by rising industrial demand and clean-energy consumption. What stock do you think is the best buy? Find out more. Souther Copper Corporation (SCCO), engages in the exploration, mining, smelting, refining, and smelting of copper and related minerals in Peru and Chile. It is engaged in mining, milling and flotation copper ore for the production of molybdenum and copper concentrates. Freeport-McMoRan Inc., (FCX), is involved in the mining of mineral properties in North America and South America. This company is primarily interested in copper, gold and molybdenum as well other metals and oil and natural gas.

Even though there is concern about Chinese copper consumption, which could be short-term because of power shortages or real estate issues, copper demand will remain strong due to increased US infrastructure investment and other global efforts to tackle climate change. Expect a rise in demand for copper, and other industrial metal products as a result of the $1 trillion infrastructure bill which was approved on November 15. Both SCCO as FCX can benefit.

FCX’s gain of 7.8% has been recorded in the past month. SCCO, however, has experienced a decline. Also, FCX’s 43.1% gain year-to-date is significantly higher than SCCO’s negative return. Moreover, FCX is the clear winner with a 58.2% gain versus SCCO’s negative return in the past year.

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