Freeport-McMoRan Copper & Gold and BHP Billiton Ltd. Analyzed as Copper Poised for Recovery
30 November 2012 - 2:00PM
Marketwired
Copper prices took a tumble in 2011, as demand levels waned due in
part to a slowdown in China and Europe. This year prices have risen
slightly, and a number of positive indicators could signal
continued growth for the remainder of the year and into 2013. This
bodes well for companies with copper operations, such as
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and
BHP Billiton Ltd. (NYSE: BHP). Analyst
opinion on Freeport-McMoRan Copper & Gold accessible for free
at
http://www.wallstreetactive.com/FCX30November12.pdf
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The biggest plus for copper is the potential turn around in
China. A number of indicators point to a possible increase in
economic growth moving forward, and with the government recently
earmarking around $156 billion for infrastructure projects, demand
for copper looks poised to grow.
Increasing or maintaining production levels has also been a
focus of several companies in the industry, though results have
varied of late. In its most recent quarter, Freeport saw its
consolidated sales from mines drop from 947 million pounds of
copper to 922 million pounds when compared year-over-year. BHP
Billiton managed to increase 3rd quarter copper production by 24%
year-over-year. See what our analysts have to say on BHP Billiton
Ltd. Follow the Link below
http://www.wallstreetactive.com/BHP30November12.pdf
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