RTNTF - Freeport-McMoRan And Southern Copper: One Has A Fatter Profit Margin
2023-04-23 09:30:00 ET
Summary
- There is no denying copper's role in the massive electrification and decarbonization cadence over the next few decades, attributed to the global net zero ambitions by 2050.
- With copper spot prices already recording an impressive 50% expansion from pre-pandemic levels, we reckon there are further tailwinds for copper miners ahead.
- In this article, we will focus on FCX and SCCO, attributed to their increased focus on copper production, comprising over 70% of their top and bottom lines.
- Naturally, one copper miner has much improved profit margins, while similarly delivering excellent 10Y returns and expanded forward dividend yields.
- We shall discuss further.
For further details see:
Freeport-McMoRan And Southern Copper: One Has A Fatter Profit Margin