Freeport McMoRan At Center Of US And China Copper Stockpiles
US Project Vault and China's expanded copper reserves have increased focus on long term copper supply security. Freeport McMoRan, a major copper producer, sits at the center of these stockpiling moves from the two largest economies. Government-backed buying activity has drawn more attention to NYSE:FCX and to copper supply chains in general. Freeport McMoRan (NYSE:FCX), trading at $60.67, is closely tied to government decisions on copper stockpiling because of its role as a key producer...
US Project Vault and China's expanded copper reserves have increased focus on long term copper supply security. Freeport McMoRan, a major copper producer, sits at the center of these stockpiling moves from the two largest economies. Government-backed buying activity has drawn more attention to NYSE:FCX and to copper supply chains in general. Freeport McMoRan (NYSE:FCX), trading at $60.67, is closely tied to government decisions on copper stockpiling because of its role as a key producer...