Currently, SCC is experiencing large losses in profits and is slightly underperforming compared to its competitors. However, metal prices could rise in the next year due to growing demand in Asia and this is expected to boost business for the entire industry. Stimulus spending plans by China, the U.S., and other nations have helped copper prices bounce off their near-term lows.
Because of SCC's focus on cost reduction over the past few months, they should be able to see some increase in profits over the next few months. SCC leads the industry in its P/E ratio and is a close second behind Freeport-McMoRan in terms of market capitalization.
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