← Watchtower
August 25, 2026

Southern Copper has the highest Momentum rating among U.S. mega-caps.

Copper has gained roughly 50% over the past year, reaching a record of around $14,545 per tonne in August.

AI is a major driver. Over the past two years, copper prices have been supported by rising demand from AI data centers and power grid expansion. Meanwhile, major producers have cut output, pushing the market toward a deficit that is expected to widen through 2030.

Southern Copper is outperforming copper itself because of its operating leverage. $SCCO