GO
Loading...

Freeport-McMoRan Inc

More

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. *Copper prices touched their lowest level since July 2009 and were last down 5.1 percent at $5,353.25 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • Asia stocks mostly rise after oil steadies Wednesday, 14 Jan 2015 | 12:08 AM ET

    NEW YORK— Dismal news on U.S. retail sales and more signs of slowing global growth sent global stock and commodity markets sharply lower Wednesday. Copper plunged to a five-year low and investors sought safety in government bonds, pushing yields in Germany, Britain and the U.S. lower. SLUMPING SALES: Retail sales fell 0.9 percent in December, the biggest decline...

  • *KB Home forecasts drop in gross margins. Shares of homebuilders fell 1.5 percent after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home dropped 16.3 percent to $13.87, its biggest percentage fall since 1992..

  • *Materials drag, led by Freeport McMoran. Copper prices dropped further below $6,000 per tonne to their weakest level in more than five years, while oil prices extended losses in U.S. afternoon trading. So it's this fear of lower commodity prices leading to global deflation which is leading this nervousness, "said Peter Cardillo, chief market economist at...

  • 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.

  • Lightning Round: This stock is a horse! Tuesday, 25 Nov 2014 | 7:17 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • 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...

  • Boring is good! Why small gains benefit stocks Wednesday, 12 Nov 2014 | 2:24 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Stocks moving sideways is good for a market at records where many sectors are overbought and few bargains exist.

  • 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...