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Freeport-McMoRan Newsroom
Express News | Freeport-Mcmoran Inc : Scotiabank Raises Target Price to $53 From $52
Express News | Copper Miners Fall Premarket on Doubts Over China Stimulus
Freeport-McMoRan's (NYSE:FCX) Investors Will Be Pleased With Their Incredible 457% Return Over the Last Five Years
Freeport-McMoRan (FCX) Beats Stock Market Upswing: What Investors Need to Know
BHP Downgraded at Jefferies After Recent Run-up, Risk of Higher Coming Capex
Morgan Stanley Maintains Freeport-McMoRan(FCX.US) With Buy Rating, Maintains Target Price $58
Morgan Stanley Keeps Their Buy Rating on Freeport-McMoRan (FCX)
Express News | Teck Resources Down 2.1%, Hudbay Minerals Down 2.6%, Ero Copper Down 4.1%
Express News | Ishares Copper and Metals Mining ETF Down 2.5%
Express News | Freeport-Mcmoran Down 2.8%, Southern Copper Down 2.6%
Express News | U.S.-Listed Shares of Copper Miners Fall as Copper Prices Ease
Alcoa, Steel Dynamics Raised to Buy in Joining Favorite Commodity Stocks at BofA
Express News | Freeport-Mcmoran Inc : BofA Global Research Raises Price Objective to $67 From $59
Freeport-McMoRan's (NYSE:FCX) Five-year Earnings Growth Trails the 43% YoY Shareholder Returns
Express News | Exclusive-Freeport Mcmoran's New Manyar Smelter Facing Copper Production Delays Until November - Sources
US stocks unusual movement | Freeport-McMoRan Copper falls more than 2%. The company has no intention to emulate other peers by expanding capacity through acquisitions.
On September 30th, global copper mining company freeport-mcmoran (FCX.US) fell more than 2%, to $50.3. In terms of news, the newly appointed CEO of freeport-mcmoran, Kathleen Quirk, stated that the group is not intending to expand capacity through acquisitions, but is focusing on developing the potential of existing production, and is confident that production can be increased to 0.8 billion pounds by 2027. Quirk revealed that there are plans to expand 4 mine sites, and once these projects are completed, the company is expected to achieve its related goals. However, developing new copper mines faces high difficulty due to environmental and indigenous reactions. Therefore, some copper miners choose to.
Freeport-McMoRan Analyst Ratings
BHP Group Ltd: Global copper demand is expected to increase by an average of 1 million tons per year by 2035.
BHP Group Ltd released a report stating that, benefiting from the widespread adoption of copper-intensive technologies, global copper consumption is expected to increase by an average of 1 million tons per year by the year 20235, double the average annual increase of the past 15 years; At the same time, the growth of copper mine output will be constrained by high costs and declining ore grades.
Copper prices surpassed the $10,000 mark, with producers warning of supply shortages in the next decade.
Analysts believe that even if the price of copper rises, it may not be enough to attract sufficient investment. This is because the development cycle of new mines is usually long, sometimes even exceeding ten years.
Market Chatter: Freeport-McMoRan to Increase Copper Output to Grow Company