What Could Sustain Freeport’s Rally?
Freeport-McMoRan (FCX), the leading US-based copper miner, has seen a sharp rally over the last two years. In 1Q16 there were concerns about the company’s ability to survive amid falling commodity prices. Copper miners including Southern Copper (SCCO), Antofagasta (ANTO), and Glencore (GLEN-L) have followed copper higher.