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Rising Copper Prices and Freeport-McMoRan Earnings Growth

The Motley Fool +1 · ·by G4L

FCX Freeport-McMoRan Inc
$60.31 -3.24%
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  1. 1Since the beginning of 2024, copper spot prices have fluctuated from $3.90 per pound to $6.67 per pound, recording a 71% increase since the start of 2024.
  2. 2Freeport-McMoRan's third-quarter operating profit grew 19% to $2.4 billion.
  3. 3Freeport-McMoRan aims for annual copper sales of 4.5 billion to 5 billion pounds by 2030.

So what's the key point?

Copper prices have risen 71% since the beginning of this year. Freeport-McMoRan's third-quarter operating profit increased by 19%.

Source The Motley Fool +1 · View original ↗

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