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Southern Copper Downgraded to Sell, Vale Named Top Metals Pick by J.P. Morgan
ByAinvest
Friday, Jan 23, 2026 3:01 pm ET1min read
SCCO--
VALE--
Southern Copper was cut to Sell equivalent by J.P. Morgan, while Vale was tapped as the top metals pick. Copper futures rallied above $13.1K/ton on the London Metal Exchange, driven by a weaker dollar and a broad-based surge in metal markets. The dollar declined the most in any week since 2020, boosting metals prices.
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