Advertisement
Canada markets open in 9 minutes
  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CAD/USD

    0.7292
    -0.0029 (-0.39%)
     
  • CRUDE OIL

    82.94
    -0.42 (-0.50%)
     
  • Bitcoin CAD

    90,645.18
    -16.34 (-0.02%)
     
  • CMC Crypto 200

    1,429.54
    +5.44 (+0.38%)
     
  • GOLD FUTURES

    2,336.50
    -5.60 (-0.24%)
     
  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     
  • 10-Yr Bond

    4.6460
    +0.0480 (+1.04%)
     
  • NASDAQ futures

    17,701.75
    +95.00 (+0.54%)
     
  • VOLATILITY

    15.88
    +0.19 (+1.21%)
     
  • FTSE

    8,075.36
    +30.55 (+0.38%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • CAD/EUR

    0.6815
    -0.0021 (-0.31%)
     

What Could Sustain Freeport’s Rally?

What Could Sustain Freeport’s Rally?

Freeport-McMoRan (FCX), the leading US-based copper miner, has seen a sharp rally over the last two years. In 1Q16 there were concerns about the company’s ability to survive amid falling commodity prices. Copper miners including Southern Copper (SCCO), Antofagasta (ANTO), and Glencore (GLEN-L) have followed copper higher.