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Freeport McMoRan Shares Will Jump in 2012 Due to Rise in Copper Demand
Jan. 13, 2012 12:48PM PST
Base MetalsSeeking Alpha reported that rise in copper demand will bolster Freeport McMoRan (NYSE:FCX) shares in 2012.
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.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1946.67 | +0.60 | |
| Silver | 23.32 | +0.01 | |
| Copper | 3.67 | +0.08 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 72.87 | +1.04 | |
| Heating Oil | 2.36 | +0.03 | |
| Natural Gas | 2.42 | +0.11 | |
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