This year has been a wild ride for copper producers, particularly Freeport-McMoRan (NYSE:FCX), as copper prices have experienced significant fluctuations. At the start of the year, copper was trading at a mere $3.90 per pound, but it wasn’t long before it surged to a staggering $5 per pound. This dramatic shift has left many wondering what’s driving this trend and what it means for investors.
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As an experienced analyst with a Master of Science in financial markets and over a decade of tracking companies through catalytic events, I’m committed to providing unbiased and informative analysis. I have no personal stake in any of the companies mentioned and do not receive compensation for my articles beyond what I earn from Seeking Alpha.
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