Copper demand set to rise: Adkerson

Jul 23, 2013 | 03:49 PM | Everdeen Mason

Tags  Freeport earnings, Freeport-McMoRan Copper & Gold, copper, copper demand, quarterly earnings, Everdeen Mason

NEW YORK — Strong copper demand and increased copper production will help Freeport-McMoRan Copper & Gold Inc. recover from a tepid second quarter caused by slowed production at its Grasberg Mine in Indonesia, the company said.

"Copper demand is strong and we see it growing 8 to 10 percent in a year," vice chairman, president and chief executive officer Richard Adkerson said in a conference call July 23. "Scrap will go....

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