1. Freeport-McMoRan is a leading global producer of copper, gold, and molybdenum; 2. Despite a fire at a new project in Indonesia, FCX received a 6-month permit to export copper concentrate, yet the stock remains weak; 3. The stock has lagged recent rallies in gold and copper prices, and is actually down ~11% over the past year.
Recent #Copper news in the semiconductor industry
➀ An international team from Tohoku University, Tokyo University of Science, and the University of Adelaide has developed a novel technique for enhancing the sustainability and selectivity of electrochemical CO2 reduction processes; ➁ The technique involves atomic-level surface engineering of copper nanoclusters; ➂ This discovery highlights the potential of copper in sustainable chemistry and the importance of international collaboration in addressing carbon emissions.
1. Rio Tinto's share price has declined 14% year-to-date due to falling iron ore prices and demand uncertainty, but its diversification in aluminum and copper offers growth potential. 2. Chinese demand for iron ore has likely peaked, but RIO's high-grade ore from the upcoming Simandou mine positions it well for future demand shifts. 3. Despite muted growth prospects, the company's strong dividend capacity and exposure to growing aluminum and copper markets justify a Hold rating.