Freeport profit beats estimates on higher copper prices
Yahoo! Finance
Copper prices have been rising this year, with analysts optimistic that demand for the metal will increase with the recovery of the global economy and due to its use in the renewable energy sector. "The outlook for the copper market is extraordinarily positive", Freeport Chief Executive Officer Richard Adkerson said. Freeport earlier this month broke ground in construction of one of the world's biggest copper smelters near its existing refining operations in Indonesia.
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