Here's Why This Mining Giant's Stock Surged This Week [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
The move comes as China's central bank injected liquidity into the banking system to stabilize the real estate market and help China hit its growth target of about 5% in 2024. Rio Tinto and China The miner operates from four product groups: iron ore, aluminum, copper, and minerals. Iron ore is by far Rio Tinto's most important commodity and its use in the production of iron and steel means Rio Tinto's prospects will always be guided by steel demand. That usually means demand from China. The country is the world's manufacturing superpower, responsible for roughly half of global steel production and use. As such, it's the swing factor determining iron ore demand. About 24% of China's steel demand comes from building and construction, with 17% from infrastructure and 30% from machinery. As such, when there are concerns over its real estate sector and industrial economy, the iron ore markets and Rio Tinto will face negative sentiment. The weakness in its property market is more of
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News
- Freeport-McMoRan (FCX) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Top 4 Materials Stocks That May Implode In Q3 [Yahoo! Finance]Yahoo! Finance
- Why Shares in This Hot Copper Mining Stock Soared This Week [Yahoo! Finance]Yahoo! Finance
- Copper rallies above $10,000 on China stimulus, U.S. economic strength [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Freeport-McMoRan Inc. (NYSE: FCX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
FCX
Earnings
- 7/24/24 - Beat
FCX
Sec Filings
- 9/26/24 - Form SD
- 8/28/24 - Form 4
- 8/8/24 - Form S-3ASR
- FCX's page on the SEC website