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Freeport-McMoRan Inc FCX

Metals & Mining Copper
Freeport-McMoRan Inc. is an international mining company. The Company operates geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposits, and significant mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Its segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. In North America, it operates seven copper mines: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. In South America, it also operates the El Abra copper mine. The Morenci mine produces copper cathode, copper concentrate and molybdenum concentrate.


NYSE:FCX - Post by User

Freeport-McMoRan Inc > Binden will have to increase the price of gas
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Post by ilvmyt5son Jun 03, 2021 1:29pm
390 Views
Post# 33319864

Binden will have to increase the price of gas

Binden will have to increase the price of gas
The more people bail on fossil fuels the more valuable Copper becomes. Higher gas prices will force people to buy EVs. Binden will have to increase the price of gas to force people to buy more EV driving the price of copper through the roof. Charging stations use more copper than a EV has. Car Engines will have more copper in them than Iron.
 
https://www.bnnbloomberg.ca/chevron-ceo-signals-he-s-open-to-selling-canada-oil-sands-stake-1.1611956
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