US copper demand robust: Freeport

Apr 19, 2012 | 03:37 PM | Anne Riley

Tags  copper, Freeport-McMoRan Copper & Gold, Richard Adkerson, Anne Riley

NEW YORK — Copper demand in the U.S. market remains robust, contributing to what Freeport-McMoRan Copper & Gold Inc. expects to be another year of deficit for the red metal in 2012, president and chief executive officer Richard C. Adkerson said.

"Markets continue to be very positive this year for copper. We saw a stronger-than-expected start for our business in the first quarter in the United States," he told investors during an earnings call Thursday. "There are uncertainties in our economy that you are aware of, but manufacturing, particularly automotive sales, have contributed to this positive situation in the United States."

Outside of the U.S. market, other regions are showing less consistent strength, he said.....

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