BHPBF - Freeport-McMoRan: Copper Supply Disruptions And Use Of Metal To Fight COVID-19 Will Increase Price
Thesis
Despite a rapid annual decline of up to 42.32%, Freeport-McMoRan's (FCX) stock may turn out to be a major beneficiary of the outbreak of COVID-19. The stock fell from a high of $14.20 recorded on April 17, 2019 to $8.19 on April 9, 2020. In this article, I will explain how disruptions in copper supply and increasing copper demand in relation to tackling the coronavirus outbreak will work to increase the company's stock price. Additionally, copper is slated for a significant increase with a metric ton of the basic metal headed for