Freeport-McMoran $FCX +8% After Earnings, Where Now For the Copper Giant?

25 Jul '17 at 9:32 pm #10570
ThePitBoss
Participant

LME COPPER: Three-month copper on the London Metal
Exchange jumped 1.5 percent to $6,118 a tonne by
0700 GMT, after earlier touching its highest level since Feb. 20
at $6,130 a tonne.

Talk that copper’s close above the $6,000 mark last week brought in momentum buying and above Monday’s peak in early Asian hit fresh stop-loss buys.