Base Metals

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

Base Metals

Seeking 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.

Click here to read the full Seeking Alpha report.

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