Copper Investing News» Freeport-McMoRan Copper & Gold

Freeport-McMoRan Shrugs Off Strikes as Copper Outlook Shines

Shihoko Goto — Wed, 25 Jan 2012 12:15:36 +0000

The world's biggest publicly traded copper producer has beat expectations despite major strikes, and copper producers are looking to brighter results.

Copper Briefly Picks Up On US Jobless Data, Downside Fears Persist

Shihoko Goto — Fri, 16 Dec 2011 12:15:55 +0000

Any uptick in copper on strong US jobs data is seen as temporary as investments to China fall and European debt fears persist.

Lundin Announces Successful Completion of Tenke Fungurume Contract Review Process

Anne Bagchi — Fri, 22 Oct 2010 07:39:31 +0000

Lundin Mining Corporation (TSE:LUN) announces that the government of the Democratic Republic of Congo and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) have announced the successful conclusion of the review of Tenke Fungurume Mining's contracts.

Chinese Growth Concerns Thwart Copper

Leia Toovey — Wed, 27 Jan 2010 02:33:29 +0000

Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.

Copper Claims Top Honours

Leia Toovey — Wed, 06 Jan 2010 05:09:42 +0000

Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile.

Freeport McMoran reports steady 2010 copper output

Mike Rodger — Fri, 04 Dec 2009 18:12:42 +0000

The Indonesian unit of Freeport McMoran Copper & Gold Inc (FCX.N) reports that the company expects its copper production to be steady next year.

Freeport Indonesia Hit by Two Explosions

Mike Rodger — Fri, 12 Sep 2008 15:08:12 +0000

The two small bombs that exploded near Freeport-McMoRan Copper & Gold Inc.‘s Grasberg mine did not affect the operations. “There are no victims and Freeport operations are running normally,” Pangaribuan said. “Police are investigating the cause of the explosions.” Find the complete article here. The Grasberg mine is thought to be the world’s third largest [...]

Copper Rose to One-Week High

Mike Rodger — Fri, 12 Sep 2008 14:58:36 +0000

Expectations of increased demand from China have supported the rise of copper once again, taking it to a one-week high despite analysts’ warnings that global economic weakness will thwart any sustainable recovery. The metal used widely in the power and construction industries is down about 20 percent since hitting a record high of $8,940 a tonne in [...]

Supply threats lend support to copper

Mike Rodger — Fri, 12 Sep 2008 06:39:54 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Wednesday was the first day in five sessions that U.S. copper futures ended up. The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper [...]

Copper Rebounds After 7-1/2 Month Low

Mike Rodger — Wed, 10 Sep 2008 15:36:18 +0000

Problems at their Grasberg mine led Freeport-McMoRan to reduce its production output, which further fueled supply concerns and led to copper’s 7-1/2 month low rebounding. China’s import data remains unclear. Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it is lowering its 2008 copper and gold production outlook, due to an [...]