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Why Freeport-McMoRan Expects Costs to Rise This Year

Mark O'Hara
Why Freeport-McMoRan Expects Costs to Rise This Year

Previously in this series, we looked at copper miners’ first-quarter production and 2018 guidance. When commodity prices fall, high-cost producers become unprofitable much sooner than their peers, which are placed more favorably on the cost curve. It’s, therefore, crucial for commodity producers to have competitive cost structures.