(Bloomberg) — Freeport-McMoRan Inc. and Goldman Sachs Group Inc. share a bullish outlook for copper. They appear to diverge, however, on how much of an impact higher prices would have on supply growth. Goldman analyst Nicholas Snowdon told a copper conference Wednesday that current near-record prices need to go much higher in order to stimulate […]
Copper exchange-traded funds (ETFs) are designed to track the price of copper, an industrial metal used in a wide variety of applications in manufacturing, electronics, and construction. Copper is considered a cyclical commodity whose price fluctuates in tandem with economic cycles, rising when the economy grows and falling when the economy slows. Due to its […]
Copper and silver markets have taken different paths this year, with a global economic recovery from the pandemic and tight supplies contributing to a third-straight year of gains for copper, but silver has failed to gain traction, and is on track to suffer its biggest yearly loss since 2014. “Generally, when copper outperforms silver, it […]
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. FCX $37.3700 1.6300 % 4.5600 Freeport-Mcmoran Inc Sector : Basic Materials Industry : Mining – Non Ferrous Signal Short Term Trend […]
Freeport-McMoRan Inc. (FCX) hit a 6-month low and turned higher in September after the Copper futures contract carved a potential double bottom at the 50-week moving average. Two upgrades have followed that turnaround, raising odds the copper-levered blue chip miner has finally ended a healthy correction and will now test May’s 9-year high in the […]
(Bloomberg) — The global energy crisis is casting a pall over copper, as investors who are bullish on its long-term prospects fret that power shortages and factory slowdowns could trigger a retreat in the near term. As a reliable gauge of economic health, copper is fast becoming a canary in the coal mine for analysts […]
