SOURCE: StockCall

StockCall

September 20, 2010 09:37 ET

Equity Research on Southern Copper and Taseko Mines - China Affects Copper Pricing

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 20, 2010) -  www.stockcall.com/ offers investors comprehensive research on the copper industry and has completed analytical research on Southern Copper Corporation (NYSE: SCCO) and Taseko Mines Ltd. (NYSE Amex: TGB). Register with us today at www.stockcall.com/ to have free access to these researches. 

Copper prices dropped a percentage point to $7,480 per metric ton on Friday in anticipation of China releasing economic data speculated by many to be negative for the industry. Specifically, data regarding consumer pricing and industrial output is negatively affecting the price of copper and other base metals. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the copper industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the copper industry can have easy and free access to our analyst research and opinions on Southern Copper Corporation and Taseko Mines Ltd.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

In addition to a lowered Chinese economic outlook, a lower dollar index has impacted metals as well. Speculation over a lower U.S. industrial output is also impeding gains for copper pricing. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Copper had been performing steadily until recently thanks to Chinese imports of the metal improving by a little over 10% last month. 

Despite a recent drop in pricing, the current quarter has been a positive one for copper. Copper miners with substantial reserves were able to generate strong revenues. Higher than expected output from Gibraltar mines also aided the industry. Back in July, Taseko Mines Ltd. reported that Gibraltar produced 20.1 million pounds of copper. Taseko Mines Ltd. research report is available for free by signing up now at www.stockcall.com/TGB200910.pdf

Moving forward, many companies including Southern Copper Corporation are concerned that poor economic data will lead to a drop in demand. A top Japanese copper smelter has already lowered production by 15% for the next 6-month period in anticipation of lower demand. Southern Copper Corporation research report is accessible for free by registering today at www.stockcall.com/SCCO200910.pdf.

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