Investors and some big shareholders hated on Freeport McMoRan's (FCX -16%) blockbuster deal, but...

|By:, SA News Editor

Investors and some big shareholders hated on Freeport McMoRan's (FCX -16%) blockbuster deal, but FCX is looking 10-20 years down the road. Copper miners have found it more difficult to find new projects in politically stable areas, and there are few deal targets: "These are depleting assets, and if you don't keep investing in new assets... you're going to have nothing left." Best to expand while you still can.