Freeport-McMoRan bullish on copper prices

Jul 23, 2014 | 05:25 PM | Saranya Kapur

Tags  copper, Freeport-McMoRan, Richard Adkerson, earnings report, copper production, copper prices, Saranya Kapur

NEW YORK — Freeport-McMoRan Inc.’s realized copper prices have been flat, but the company expects prices to be strong going forward.

"Copper prices have demonstrated strength," chief executive Richard Adkerson said during an earnings conference call July 23. "Exchange inventories are at extraordinary low levels, there’s been low scrap flow and significant deferrals of projects across the world. Supply-side issues will continue to be a major support. ... Market surpluses are at much lower levels than expected."....





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