Freeport-McMoRan Will Plummet On China’s Lagging Copper Demand
by | Posted 4.19.2012 | Post Comment (No Comments)

Statistics that indicate China’s economic and industrial growth is lower than previously thought are causing copper prices to fall. The prices are falling because China’s almost insatiable demand for copper could be tapering off. This could dampen profits and plans for expansion at Freeport McMoRan (FCX) and its competitors, such as Newmont Mining (NM).

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