The steady rise in copper prices has been a boon to Freeport McMoRan (FCX +0.3%), but the...

|By:, SA News Editor

The steady rise in copper prices has been a boon to Freeport McMoRan (FCX +0.3%), but the benefit could be mitigated if manufacturers choose to substitute aluminum for copper to cut costs - as is starting to happen, according to Trefis Team. Aluminum is seen as a feasible substitute if copper crosses $3.50/pound; it's now ~$4.60, up 250% in two years.