Shares in copper miner Freeport-McMoRan (NYSE: FCX) rose 17.4% in January, according to data from S&P Global Market Intelligence. The move comes in line with a general increase in the S&P 500 and, more importantly for Freeport-McMoRan, an increase in the price of copper. The industrial metal's price went from around $3.80 per pound at the start of the year to a high of $4.26 per pound in late January to around $4.06 at the time of writing.
In the category defined as “mining, quarrying, and oil and gas extraction," the unemployment rate is now just 0.3%, versus 8.4% a year ago.
In this article, we discuss the 10 hot EV stocks to buy now. If you want to read about some more hot EV stocks to buy now, go directly to 5 Hot EV Stocks To Buy Now. The electric vehicle (EV) industry was heavily impacted by the economic downturn in 2022. As interest rates increased […]