SCCO Southern Copper
MaterialsPosition Summary
Shares
5
Avg Price
$177.70
Cost Basis
$889
Conviction
6/10
Investment Thesis
Lowest-cost copper producer. Structural copper deficit from AI, EVs, renewables.
Key Arguments
Bull Case
Copper is the wiring of electrification + AI. Lowest-cost producer globally.
Bear Case
Commodity price exposure. Peru/Mexico political risk.
What Would Make Us Sell
Copper price below $3.50/lb sustained or nationalisation risk materialises.