TECK - Freeport McMoRan flies high as copper price retakes $10K

Freeport McMoRan ([[FCX]] +5%) powers higher to lead another strong showing for industrial metals names, with copper prices surging back above $10K/ton before settling back to $9,950 in London, as the reopening of major industrial economies sparks a commodities rally.Also: [[TECK]] +6.4%, [[HBM]] +6.6%, [[SCCO]] +3.3%, [[TRQ]] +5%, [[BHP]] +3.5%, [[RIO]] +3.5%, [[VALE]] +2.1%."We are entering into a whole new era for copper," Freeport CEO Richard Adkerson gushed in a CNBC interview. "We're heading for a situation [of] strong demand, scarce supplies, significant deficits... with that will be a very high copper price.""Since the early 2000s, China was the only story for copper demand growth. Now that demand growth has expanded into the developed world [and] the developing world... The fundamental story for copper long-term is a very positive one," Adkerson said.The Zambian government says it has shut a copper mine it seized recently from Vedanta Resources due to a lack

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Freeport McMoRan flies high as copper price retakes $10K