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Stock impact report

What Market Correction? Copper Is Touching an All-Time High -- Here's How to Profit From It. [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
One of the best ways to make money from it is by investing in copper and gold miner Freeport-McMoRan (NYSE: FCX) . Here's why. By "price," I'm referring to the Chicago Mercantile Exchange (CME) March futures price which reflects the U.S. copper market. The CME copper price is up 27% year to date. The price on the more globally focused London Metal Exchange (LME) hasn't quite matched the CME price in terms of nearing an all-time high, but it's still up almost 14% year to date. I refer to the price differentials because they reflect a fear that the Trump administration will impose tariffs on imported copper. Thus, U.S. users and speculators may be buying ahead of potential tariffs. It's tough to know whether President Trump will impose tariffs on copper , but we do know a few things about the subject: Trump has asked the Commerce Department to look at copper tariffs. About 45% of U.S. domestic consumption of copper comes from imports, and it's a crucial metal to support the me Show less Read more
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