Jim Cramer acknowledged Southern Copper Corporation as a viable holding, though he cautioned that copper prices have surged substantially, suggesting caution in overexposure to the sector. The comments come amid rising commodity prices and shifting investor sentiment.
- Copper prices rose from under $3.00/lb in early 2024 to $4.50/lb by January 2026
- Southern Copper Corporation (SCCO) remains a 'don’t mind' holding per Cramer’s assessment
- Copper’s rally has been driven by global infrastructure demand and energy transition investments
- SCCO’s operations span Mexico and Peru, with significant production capacity in both regions
- Cramer’s remarks suggest caution against excessive exposure to copper-linked equities
- Market focus now shifts to sustainability of demand and inflationary pressure on mining costs
Jim Cramer expressed measured confidence in Southern Copper Corporation (SCCO), stating he 'doesn’t mind' the stock despite broader market dynamics. The sentiment reflects a recognition of the company’s strong fundamentals and geographic diversification in Mexico and Peru, where it operates key mining assets. However, Cramer emphasized that copper prices have risen significantly over the past 18 months, marking a substantial uptick from levels below $3.00 per pound in early 2024 to over $4.50 in January 2026.