While bad news for my colleagues at PCU this is, in theory, good news for FCX. Particularly good is that FCX has a significant amount of production on Indonesia and Chile, although some in Peru. Copper price still rising and FCX will benefit. Very little patience needed and I believe we will still see very significant ugains this year.Good luck longs!
has given them a lot of power... They meet in london soon and the metal almost always rises during that meeting..These companies have no "financial problem" that would require that they sell copper cheap.