Post Profile

Freeport McMoRan is getting slammed after China's disappointing data

Metal and mining stocks are getting hammered Thursday after after China reported disappointing trade data.Among the worst performers, copper-producer Freeport McMoRan is off more than 7% while US Steel is down 5.6%. Earlier Thursday, China’s Customs Bureau said September exports tumbled by 10% in US dollar terms compared to a year ago. Economists had expected a much smaller 3% drop.
read more


Related Posts

Arizona mining companies among biggest in world

Academics / Geology : Arizona Geology

The annual valuation of the 100 top mining companies put Phoenix-based Freeport McMoRan Copper & Gold in 9th place with a value of $37.87 billion [right Freeport's Miami mine startup.  Credit, Freeport McMoRan C&G] and Southern Copp...

Copper Strength Sets Up Bullish Trades In Freeport McMoRan, Southern Copper

Business & Finance / Investing : Great Speculations

The selling that has caused Freeport McMoRan to finish lower for four out of the past five trading days has taken the stock to the edge of technically oversold territory. You would have to go back to the spring of 2011 to find the l...

Freeport workers delay start of work

Business & Finance : Business Report

Striking workers at Freeport McMoRan Copper & Gold Inc's giant Indonesian mine delayed until next week a plan to go back to work after a three-month strike because of technical issues. ||| Striking workers at Freeport McMoRan Copper...

Carl Icahn Doubles Down On Plunging Commodity Bets With Activist Stake In Freeport McMoran

Business & Finance : Forbes: Business

On Thursday, Icahn disclosed an 8.5% stake in oil and copper producer Freeport McMoran and said he intended to have discussions with the company's management about its operations and may seek board representation

Freeport McMoRan’s Cerro Verde Mine Boosting Output By 45%

Business & Finance / Investing : Great Speculations

Freeport McMoran Copper is looking forward to increase output from its $3.5 billion open-pit copper and molybdenum mining complex Cerro Verde by 45%. We currently have a Trefis price estimate of $57.60 for Freeport McMoran stock.


Copyright © 2016 Regator, LLC