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Freeport McMoRan (NYSE:FCX)

Steve Patterson (October 21st, 2008) Writes:
Freeport McMoRan (NYSE:FCX) Freeport McMoRan stumbled out of the gate this morning after releasing an earnings report that showed slowing demand for copper in China as the world begins to worry about slowing economies everywhere. The price of copper fell dramatically over the past quarter after an incredible run with a number of other commodity names like oil, gas, wheat, coal, and others. This drop in pricing power made it difficult for the Phoenix based miner and producer of gold and cooper to make it's expected earnings numbers for the quarter. Missed the Quarterly Badly For the quarter ended September 30th, the company reported net ...

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