SOURCE: StockCall


November 22, 2010 08:37 ET

Equity Research on Southern Copper Corporation and Taseko Mines Ltd. - Copper Industry Sizzles on High Demand

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 22, 2010) - 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 to have free access to these researches. 

Demand for copper has been strong throughout the globe recently. The growing middle classes in emerging economies have lead the way as consumers begin to use more electricity there. The booming technology industry and growing green energy industries are expected to be main growth areas during the coming years and help ensure that demand for Copper stays high. Cables remain the highest area of consumption. Analysts predict that copper consumption will grow 11.5% this year to 6.8 million tons. A supply deficit is predicted for 2011. Register now at to have free access to our reports on the copper industry. 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

There is some cause for concern within the industry as the Chinese government works to cool its economy and stop inflation. One of the world's primary consumers of the commodity, Chinese economic restrictions could hurt prices by decreasing demand. However, if usage continues to grow at its current rate, prices could rise as much as 25% next year. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

In the U.S. high copper prices are hurting fabricators which usually secure supply contracts this time of year. Fabricators are hesitating because they are uncertain whether they will be able to pass on higher material costs to their consumers.

For the third quarter 2010, Southern Copper Corporation saw strong earnings on the back of sturdy copper prices posting profits of $365 million on sales of $$1.3 billion. Southern Copper Corporation research report is accessible for free by registering today at

Conversely, Taseko Mines Ltd. saw an operating profit of $17.5 million on revenue of $37.5 million. Taseko Mines Ltd. research report is available for free by signing up now at

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