Freeport McMoRan (FCX -2.2%) shares slide after a Deutsche Bank report paints a bleak picture...

|By:, SA News Editor

Freeport McMoRan (FCX -2.2%) shares slide after a Deutsche Bank report paints a bleak picture for China copper demand. Inventory pressure will outstrip demand recovery, the report says, and a trend toward restocking may not become evident until Q1 2013: "Without significant restocking activities, any rally in copper prices based on expectations will likely not be sustainable."