Wall Street Fundamentals Releases New In-Depth Stock Reports on FCX, SCCO, SLT and TGB

New York, NY – May 29th, 2013 – Copper companies slumped last Thursday after weak Chinese manufacturing data raised demand concerns. Copper for July delivery fell to a one week low on the Comex division of the New York Mercantile Exchange last Thursday. China accounts for approximately 40 percent of the world’s copper consumption, making it the largest consumer in the world. Recent data from the General Administration of Customs showed that China’s imports of copper, copper alloy and semi-finished products fell 21.2 percent year-over-year in April, which was a 22-month low.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) shares declined 2.31 percent on volume of 17.65 million shares traded last Thursday to close at $30.93. The stock appears to be facing strong resistance at $31.47. The company reported a net income of $648 million, or $0.68 per share, for the first quarter of 2013, compared to a net income of $764 million, or $0.80 per share, in the year ago quarter. Shares of Freeport-McMoRan have fallen approximately 9.5 percent year-to-date.

More information on Freeport-McMoRan and access to the free equity report can be found at: www.WallStreetFundamentals.com/FCX

Southern Copper Corp. (NYSE: SCCO) shares declined 3.12 percent on volume of 2.88 million shares traded last Thursday to close at $31.72. The stock appears to be facing stiff resistance at $32.75. The company reported net sales were $1,623.0 million for the first quarter of 2013, a decrease of 1.7 percent when compared to sales of $1,651.1 million in the previous quarter. Shares of Southern Copper have fallen approximately 16.0 percent year-to-date.

More information on Southern Copper and access to the free equity report can be found at: www.WallStreetFundamentals.com/SCCO

Sterlite Industries India Limited (NYSE: SLT) shares declined 1.60 percent on volume of nearly 500,000 shares traded last Thursday to close at $6.75. The stock appears to be facing resistance at $6.79 with some support at $6.65. The company reported revenues for the fourth quarter and full fiscal year posted year-over-year increases of 17 percent and 10 percent, respectively. Shares of Sterlite Industries have fallen over 20 percent year-to-date.

More information on Sterlite Industries and access to the free equity report can be found at: www.WallStreetFundamentals.com/SLT

Taseko Mines Limited (NYSEMKT: TGB)(TSX: TKO) shares declined 2.78 percent on volume of 438,000 shares traded last Thursday to close at $2.10. The stock appears to be facing some resistance at $2.14 with support at $1.97. The company reported revenues of $60.2 million from the sale of 16.8 million pounds of copper and 253 thousand pounds of molybdenum. Shares of Taseko Mines have fallen approximately 30 percent year-to-date.

More information on Taseko Mines and access to the free equity report can be found at: www.WallStreetFundamentals.com/TGB

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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