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What's Driving Freeport and Other Copper Producers in 2015? Copper prices fall to 2015 highs
Copper prices have recently fallen from their 2015 highs. They have been quite volatile this year. Copper prices fell steeply at the beginning of the year and then recovered smartly, only to lose steam again toward the end of May.
Now with five months of the current calendar year behind us, it’s a good time to analyze the macroeconomic indicators that impact copper companies’ performances.
What will we cover?
In this series, we’ll look at some of the recent macroeconomic data points and analyze their impact on Freeport-McMoRan (FCX). FCX is a leading natural resources company and among the top copper producers. BHP Billiton (BHP) and Rio Tinto (RIO) are the other leading copper producers.
Freeport also holds the position of largest molybdenum producer. It also has interests in gold mining. Over the years, Freeport has diversified into energy production. It now holds a significant portfolio of oil and natural gas assets.
Energy assets
Freeport-McMoMoran is also exposed to the volatility in energy prices. Later in this series, we’ll analyze how the energy market is playing out. Freeport’s share price has been quite volatile this year, as you can see in the above chart.
Currently, FCX forms 1.16% of the iShares North American Natural Resources ETF (IGE) and 4.1% of the Materials Select Sector SPDR ETF (XLB).
China is the world’s biggest copper consumer. Copper investors closely analyze trends in China’s copper demand. In the next part of this series, we’ll take a look at some recent developments in the Chinese copper industry.
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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 71,5 milliards US$ (66,8 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 US$, et son plus haut niveau récent le 25 avril 2024 à 49,40 US$. Freeport McMoran possède 1 448 000 000 actions en circulation. |