Copper Investing News » Southern Copper profit slipped 68% as prices plunged

Southern Copper profit slipped 68% as prices plunged

July 21, 2009 @ 7:28 am In Copper Company News

Southern Copper Corp, the leading copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices.

Rodrigo Suazo, a mining analyst at brokerage SAB Centura, stated:

We expected a negative result with such a big drop in metals prices.

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