Freeport McMoran Triples Profit With Record Copper Prices

Freeport-McMoRan, the world’s biggest publicly listed copper producer more than than tripled its profit in Q3. Higher copper prices and an increase in demand for the metal at a time when copper inventories are plunging. $FCX has been repaying debt and distributing dividends from the surge in revenues.

New Palm Oil Plantation Permits Moratorium Ends in Indonesia, What Next?

Indonesia is the world’s biggest exporter of palm oil and on 19 September a three-year moratoriom for new oil palm plantation permits expired. There have been no decisions on whether to extend or end it. The decision is crucial to Indonesia finances, the environment and Orangutans.

The Fragile Five Emerging Markets Contagion Risk

The emerging markets known as the ‘fragile five’; Brazil, India, Indonesia, South Africa and Turkey have shown that contagion is unavoidable when you are a high interest-rate economy with a trade deficit dependant on foreign capital to balance its books. 

Japan Buying Pushes Australian Coal Prices Highest Since 2012

Australian Newcastle spot thermal coal prices hit $120 for the first time since 2012 this week.  Asian countries continuing strong consumption and spot market buying by Japanese utilities to meet demand through the rest of 2018 are pushing prices higher.

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

Freeport-McMoRan $FCX, the world’s biggest publicly listed copper producer Swung back to a profit in the second quarter. the stock soared 8% at open. We look at where to now for FCX.