| Base Metal Miners Fell Last Week: AA, BHP, DBB, FCX | |
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Base Metals Fell Last Week: FCX, AA, GLNCY, BHP, and More (Continued from Prior Part) Losses
In the week ending January 9, all major base metal miners’ stock prices fell for most of the week and ended the week with a loss.
Freeport-McMoRan fell 20% last week
Freeport-McMoRan (FCX) fell 20% in the week ended January 9. It closed the week at $5.41. This is the lowest daily close for the company since the last quarter of 2015, a 13-year low. This is the second consecutive week in which Freeport-McMoRan closed with a loss. It started this week on a negative note by falling on Monday. It then fell four out of five trading sessions of the week.
Glencore (GLNCY) fell for the second consecutive week and closed the week ended on January 9 with a loss. Except for January 5, Glencore fell in all trading days. Glencore fell 14.7% last week and ended the week at $2.24. Glencore is trading close to the multiyear low price levels traded at the end of September 2015.
Alcoa and BHP fell for the second consecutive week
Alcoa (AA) fell for the second consecutive week and closed last week with a loss. In the week ending January 9, Alcoa fell 18.2% and ended the week at $8.07. Last week, Alcoa fell in all trading sessions and closed the week at the lowest daily close since November 13.
BHP Billiton (BHP) fell for the second consecutive week and closed the week with a loss. BHP fell 14.7% last week and closed the week at $21.96. This is the lowest daily close for BHP since January 2005, an 11-year low.
The Power-Shares DB Base Metals Fund (DBB) and SPDR S&P Metals & Mining ETF (XME) fell 4.5% and 7.4%, respectively, last week.
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Freeport McMoRan Copper and Gold Inc.
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a gold and copper producing company based in United states of america. Freeport McMoran produces gold, copper, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is US$ 68.1 billions as of today (€ 59.6 billions). Its stock quote reached its lowest recent point on March 06, 2020 at US$ 10.00, and its highest recent level on March 28, 2024 at US$ 47.02. Freeport McMoran has 1 448 000 000 shares outstanding. |