Wed, Nov 26, 2014, 2:51 AM EST - U.S. Markets open in 6 hrs 39 mins

Recent

% | $
Quotes you view appear here for quick access.

Freeport-McMoRan Inc. Message Board

  • keoo2@sbcglobal.net keoo2 Jan 27, 2014 12:30 PM Flag

    how low will it go??

    back to 26

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • FCX touched $38 on Jan 2 2014. We have now lost about $7.50 in January. The 2 big problems are centered around future demand, primarily concentrated on slow Chinese copper consumption and the Indonesian export tax on unrefined copper. GOI wants to impose a tax of 20% escalating up to 100%. ,Indonesia makes a lot more if the minerals are refined inside their country.

      This is a Presidential election year in Indonesia. Many copper/others are being laid off
      It is not economical to build a new smelter

      I have been very critical of FCX senior mgmt for some of their decisions. A reasonable negotiated agreement to this problem needs to be done. If we get a settlement, we should spike a couple of bucks

      Until then, we are going to continue to see more downward pressure

 
FCX
29.28+0.17(+0.58%)Nov 25 4:04 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.