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FCX - Copper Rockets On Economic Recovery
December, 06 2020 05:31 PM
Freeport-McMoRan Inc.
Copper rose 12.24% in November - its best month in 4 years. On December 3, it was trading as high as $7,616 per ton - its highest since 2013. The copper rally is due in large part to improved manufacturing activity in the U.S., China and eurozone. The Caixin China General Manufacturing PMI posted 54.9 in November as output and new orders surged to 10-year highs. TheSolactive Global Copper Miners Index was up more than 66%, for the 6 months ended December 3, outpacing the returns for other metal miner groups. For further details see:
Copper Rockets On Economic Recovery
Stock Information
Company Name:
Freeport-McMoRan Inc.
Stock Symbol:
FCX
Market:
NYSE
Website:
fcx.com
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