Articles Tagged "NYSE:FCX"

Production Down in First Quarter for Gold, Copper and Iron Ore

Gold – SNL Financial reported that there has been a significant fall in quarter-on-quarter production for gold, copper and iron ore, based on companies who have already released their data.

Copper Sees Improved Sentiment on Supply Issues

Copper – The copper price is still under $3 per pound, but the red metal continues to slowly creep upward as supply issues pop up. On Tuesday, the metal gained just over 1 percent to reach $2.76 per pound. Copper has been around that level since March 20, and has gained 11.74 percent since hitting a multi-year low in January.

Morgan Stanley Copper Price Outlook

Copper – The copper price has started to bounce back from its drastic fall at the start of the year, climbing more than 6 percent over the past month. However, Morgan Stanley has cut its 2015 price forecast for the metal by roughly 16 percent, to $5,945 per tonne, on the back of lackluster demand from China.

Base Metals Round-Up: Copper Price Rallies as Production Stops at Grasberg

Copper – Copper investors were likely pleasantly surprised looking at price charts at the end of this week. After plummeting near the start of the year and sitting around $2.60 per pound for the past month, the metal's price appear to be heading up.

Freeport-McMoRan Reports Production Test Results for Highlander

Gas – Freeport-McMoRan Inc. (NYSE:FCX) announced results of its production test at Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander discovery, which indicated a flow rate of approximately 75 million cubic feet of natural gas per day. The project is located onshore in South Louisiana in the Inbound lower Tertiary/Cretaceous trend. As quoted in the press release: The production test, [...]