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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here