GO
Loading...

Freeport-McMoRan Inc

More

  • Yamana Gold and Ocwen are big market movers Friday, 26 Dec 2014 | 4:24 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Barrick Gold Corp., up 27 cents to $10.58. Freeport-McMoRan Inc., up 60 cents to $23.51.

  • SYDNEY, Dec 15- Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business. "For both companies, this is about wielding the greatest influence possible over the global marketplace," said Gavin...

  • *Coming Up: China Industrial output, retail sales Nov at 0530 GMT. SYDNEY, Dec 12- London zinc steadied on Friday from six-month lows in the previous session, when prices were hit by falling oil, and ahead of the release of China's industrial output data which is expected to underline decelerating demand for metals. "Weak oil prices are probably starting to have an...

  • SYDNEY, Dec 12- London zinc steadied on Friday from six-month lows plumbed the session before, with a reading on China's industrial health later expected to underline decelerating demand for metals. *Three-month zinc on the London Metal Exchange had slipped 0.2 percent to $2,192 a tonne by 0130 GMT, after ending up 0.7 percent in the previous session when it fell...

  • Dec 11- Freeport McMoRan Inc operations at its sole U.S. copper smelter have returned to normal production levels after it completed repairs on an electric furnace damaged in a fire at the Arizona facility, a spokesman said on Thursday. Freeport, the largest U.S. miner by market value and revenue, resumed processing copper concentrate at the site on Dec 7, said Eric...

  • Freeport resumes processing at sole U.S. copper smelter Thursday, 11 Dec 2014 | 3:44 PM ET

    Dec 11- Freeport McMoRan Inc resumed processing copper concentrate at its sole U.S. copper smelter on Dec 7, a spokesman said on Thursday, after completing repairs on a damaged electric furnace in the Arizona facility. "Operations have returned to normal production levels," Eric Kinneberg said in an email. Freeport temporarily shut the smelter in November after a...

  • LONDON, Dec 11- The bears are ascendant in the copper market. It's a view apparently borne out by the terms of the copper concentrates supply deal between Freeport McMoRan and Chinese smelters. What looks set to be the "benchmark" for 2015 includes a treatment charge of $107 per tonne and a refining charge of 10.7 cents per lb.

  • LONDON, Dec 10 (Reuters)- Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in China overshadowed by worries over swelling supplies and weak global growth. Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing...

  • *Freeport, Jiangxi agree 16.3- pct hike in 2015 TC/RCS- sources. *TC/RC benchmark seen at $107 a tonne/ 10.7 cents a pound. SYDNEY, Dec 10- London copper prices slipped on Wednesday from two-week highs hit the session before, after a short-covering rally lost momentum and as focus shifted to looming oversupply next year.

  • SYDNEY, Nov 19- London copper steadied on Wednesday and Shanghai copper climbed off a key level of support, as tighter than expected supply and hopes for another wave of stimulus in Japan and Europe kept prices afloat. *Three-month copper on the London Metal Exchange edged up 0.2 percent to $6,641.25 by 0110 GMT, paring 1.1 percent losses from the previous session.

  • *Copper in rangebound trade between $6,500- $6,800/ T. LONDON, Nov 14- Copper prices slipped on Friday, under pressure from concerns about the outlook for demand from China following weak economic from the world's top metals consumer, with prices on track to post their biggest weekly loss since September. Copper has stayed between $6,500 and $6,800 since...

  • SYDNEY, Nov 14- London copper slipped on Friday and was on track for its biggest weekly loss since September as traders cut risk ahead of a slew of readings on European growth. *The most-traded January copper contract on the Shanghai Futures Exchange slipped by 0.5 percent to 47,150 yuan a tonne. *Freeport McMoRan Inc has temporarily shut its sole U.S. copper...

  • LONDON, Oct 31- Copper fell on Friday due to a strong dollar buoyed by U.S. economic data, outweighing the positive impact of a surprise move by Japan to expand its stimulus programme. The dollar index hit the highest levels since June 2010, weighing on commodities priced in U.S. currency since it makes them more expensive for buyers outside of the United States.

  • LONDON, Oct 31- Copper fell on Friday due to a strong dollar buoyed by U.S. economic data, outweighing the positive impact of a surprise move by Japan to expand its stimulus programme. The dollar index hit the highest levels since June 2010, weighing on commodities priced in U.S. currency since it makes them more expensive for buyers outside of the United States.

  • LONDON, Oct 31- Copper rose on Friday, on track for its first monthly gain in three months, as risk appetite improved after the Bank of Japan's surprise move to expand its stimulus program boosted equity markets. The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, due to concerns that cheaper oil would weigh on consumer prices and delay a...

  • Oct 28- Miner and oil producer Freeport-McMoRan Inc said on Tuesday it is working toward reducing its debt to a targeted $12 billion by 2016 but that weak commodity and credit markets were making it tough to get good prices for assets. The Arizona- based company has sold nearly $5 billion worth of assets this year, including oil assets in Texas and copper mines in...

  • US STOCKS-Earnings lift Wall St despite mixed data Tuesday, 28 Oct 2014 | 12:00 PM ET

    *Twitter falls; Madison Square Garden up on possible split. *Capital goods orders post largest fall in eight months. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between late Monday and Tuesday morning.

  • Oct 28- Freeport-McMoRan Inc on Tuesday reported better-than expected quarterly earnings but lowered its production estimates for the full year partly on worker strife at its big copper and gold mine in Indonesia, sending its shares down more than 4 percent. "We believe the weak October production is the reason for lower annual guidance," RBC Capital Markets...

  • US STOCKS-Wall St up on earnings, data mixed Tuesday, 28 Oct 2014 | 10:52 AM ET

    *Capital goods orders post largest fall in eight months. NEW YORK, Oct 28- U.S. stocks rose on Tuesday as strong earnings and an upbeat consumer confidence reading more than offset weaker-than-expected housing and industrial data. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between...

  • Freeport-McMoRan also said on Tuesday that the union leaders at its Grasberg copper mine in Indonesia, where a truck accident in late September resulted in the death of four miners, planned to conduct a 30- day strike beginning Nov. 6. Freeport-McMoRan said Indonesia had approved resumption of operations on Oct. 13 and while most operating areas had normal...