Freeport McMoRan Shares Will Jump in 2012 Due to Rise in Copper Demand

Seeking Alpha reported that rise in copper demand will bolster Freeport McMoRan (NYSE:FCX) shares in 2012.

As quoted in the market news:

Shares of Freeport McMoRan (FCX), the world’s second-largest copper producer, leaped 5% Tuesday and climbed another 2% Thursday, as copper reached a one month high on the back of a strong Spanish debt auction which boosted the euro against the dollar and eased investors’ fears regarding the prospects for the worldwide economy.

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