Can Chinese Copper Imports Help Lift Freeport-McMoRan Stock?
China is the world’s biggest copper importer, and the country’s copper imports are seen as an indicator of its copper demand. Copper mining is concentrated in Latin America, and companies including Southern Copper (SCCO), Antofagasta (ANTO), and BHP Billiton (BHP) operate copper mines in the region. China imported 442,000 metric tons of unwrought copper in April.