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Copper Industry April Update (Part 1 of 10) Recent copper industry indicators
Copper prices were trading at $6,054 per metric ton on April 16. Copper is also known as “Dr. Copper” because analysts see copper prices as a reflection of global economic health. But there are others who say copper is just like any other industrial commodity. Copper prices reflect what other industrial metal prices do—demand–supply dynamics.
What we cover in this series
In this series, we’ll discuss recent copper industry indicators. We’ll see how copper prices have done in 2015. We’ll also discuss copper supply trends and demand.
China is the biggest consumer of copper, ditto for steel , iron ore, and aluminum. Tracking Chinese economic indicators is crucial for investors in the metals and mining space.
The SPDR S&P Metals and Mining ETF (XME) is an alternate play on the diversified metals and mining industry.
Wall Street performance
Freeport-McMoRan (FCX) lost more than 10% of its market capitalization this year. Yet, its share price rebounded by more than 7% on April 15, when US crude inventories came in lower than expected. Freeport has diversified into the energy exploration business over the last couple of years.
Teck Resources (TCK) stock has also been quite volatile amid rumors that it’s looking at a merger with Antofagasta. Both companies have now categorically denied that they’re engaged in merger talks.
Southern Copper (SCCO) is up ~5% since the start of 2015, and Turquoise Hill Resources (TRQ) is up by more than 30% over this period.
Copper prices directly impact the revenues of copper companies. In the next part of our series, we’ll analyze the latest copper price trends.
Continue to Part 2 Browse this series on Market Realist:
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Freeport McMoRan Copper and Gold Inc.
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PRODUCTEUR |
CODE : FCX |
ISIN : US35671D8570 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Freeport McMoran est une société de production minière d'or et de cuivre basée aux Etats-Unis D'Amerique. Freeport McMoran est productrice d'or, de cuivre, d'argent, de cobalt et de molybdène au Chili, au Perou, en Indonesie et en Republique Democratique Du Congo, en développement de projets de cuivre au Perou, et détient divers projets d'exploration au Chili. Ses principaux projets en production sont CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI et MORENCI - ROM LEACH au Chili, GRASBERG, SIERRITA et BAGDAD en Indonesie, TENKE FUNGURUME et TYRONE en Republique Democratique Du Congo et CERRO VERDE au Perou, son principal projet en développement est SAFFORD au Perou et ses principaux projets en exploration sont BAGDAD - ROM LEACH et CHINO - ROM LEACH au Perou et CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH et CLIMAX au Chili. Freeport McMoran est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 72,7 milliards US$ (67,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 US$, et son plus haut niveau récent le 26 avril 2024 à 50,18 US$. Freeport McMoran possède 1 448 000 000 actions en circulation. |