| Freeport-McMoRan: What’s Impacting This Major Copper Producer? | |
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Copper and the Economy: What Should Investors Watch? Key copper indicators
Spot copper prices were trading at $6,397 per metric ton on May 8, 2015. Prices of all base metals like aluminum, iron ore, and copper rebounded in April. This was preceded by a horrific run in January and February. While copper and aluminum have gained on a year-to-date basis, iron ore is still down ~20%. A decline in iron ore prices is a reflection of the slowdown in China, the largest buyer of seaborne iron ore.
What you should know about Freeport and copper
What should investors know about Freeport-McMoRan (FCX) and other major copper producers? In this series, we’ll cover some key indicators that Freeport investors should track. We’ll also look at other major copper producers such as BHP Billiton (BHP) and Rio Tinto (RIO) and analyze recent trends in copper demand and supply dynamics. You’ll also see how copper demand is shaping up in China (FXI), the largest copper consumer.
This series will also take a look at the recent up-move in crude oil prices and how it’s impacting copper producers. Freeport’s share price has rebounded sharply in the last couple of weeks, as you can see in the above chart. Freeport currently forms 1.29% of the iShares North American Natural Resources ETF (IGE).
Copper dynamics
Copper dynamics are a bit different from other base metals like iron ore. Copper has much more diverse applications. Home appliance manufacturers, the construction industry, and the power sector are among the major end consumers of copper. Copper is highly durable and can be cast into precision shapes. This makes copper and its alloys ideal for making gears and bearings.
In the next part of this series, we’ll take a look at the recent trend in copper prices. Copper prices are a key driver of Freeport-McMoRan’s (FCX) earnings.
Continue to Prior Part 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 72,6 milliards US$ (68,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 US$, et son plus haut niveau récent le 18 avril 2024 à 50,16 US$. Freeport McMoran possède 1 448 000 000 actions en circulation. |