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Freeport-McMoRan: Why 2018 Is Different than 2016

Mark O'Hara
Freeport-McMoRan: Why 2018 Is Different than 2016

As we discussed in the previous part, Freeport-McMoRan (FCX) has seen negative price action this year. Other copper miners like Southern Copper (SCCO), Glencore (GLEN-L), and Antofagasta (ANTO) have also followed copper lower. For investors in companies like Freeport-McMoRan, the scars of the 2015–2016 sell-off are fresh. In January 2016, Freeport-McMoRan stock fell below $4 as copper prices fell below $4,500 per metric ton.