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FBR Capital launches coverage of copper producers Freeport McMoRan (FCX), Teck Resources (TCK)...

FBR Capital launches coverage of copper producers Freeport McMoRan (FCX), Teck Resources (TCK) and Southern Copper (SCCO) with a cautious near-term outlook, believing copper prices will remain under pressure due to choppy demand, inventory overhang and impending supply growth. Longer term, prices will remain supported above marginal cost and provide incentives for needed supply growth.
Comments (2)
  • I'm collecting minining and metals stocks down here, but it is painful.

     

    Let's ask China to tear everything down and start over.
    5 Apr 2013, 11:41 AM Reply Like
  • Jeez, I just learned how painful miners and oil refiners can be! There so beautiful on the up market you fall in love with them, and then fail to sell them before they come down! I hope FCX has an upside in these merger. I hate to think we were just taken for a ride! They seem awfully quiet...
    5 Apr 2013, 05:51 PM Reply Like
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