2024-06-13 10:27:35 ET
Summary
- Freeport-McMoRan is often seen as a good way to take advantage of expected copper supply imbalances.
- FCX investors, however, are exposed to significant risks that could derail returns even if copper prices continue to improve.
- The stock also trades at a premium multiple on a historical basis at a time when production growth is stalling.
There's hardly any investor left that is not well-acquainted with the thesis of upcoming copper supply/demand imbalances....
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For further details see:
Freeport-McMoRan: Short-Term Risks Are Too High To Ignore