Reported 1 day ago
Freeport-McMoRan's stock has risen approximately 35% over the past year, attributed to strong copper demand and favorable pricing conditions. While economic uncertainties and rising inventories have caused some short-term fluctuations in copper prices, the long-term prospects remain positive, bolstered by factors such as electrification trends and limited new copper supplies. The company is positioned for growth with ongoing expansion projects and a healthy financial profile, which may make it an appealing investment for those focusing on long-term gains.
Source: YAHOO