Copper Demand

The Metal People are Dying For

The Metal People are Dying For

Maybe the weak are simply being weeded from the gene pool so the strong may survive… This theory might help explain why people keep electrocuting themselves to death, cutting into live power lines to extract copper. Stories of deaths related to copper thefts have been all over the news: Last summer, a 42-year-old Appalachian man died while trying to steal copper from a live power line. Charleston Daily Mail reported “American Electric Power says copper thieves are becoming increasingly brazen, and their tactics have resulted in four deaths so far this year in the Appalachian service region.” An Illinois man hit a live wire while scrapping for copper last fall and was electrocuted. Police said this is a recent trend, with similar activity in Granite City, Venice, Brooklyn, Washington Park, and Belleville. In October, a couple from Southern California attempted to steal copper from an electrical vault. The man was electrocuted to death; the woman suffered severe burns from attempts to pull the man from the vault when it exploded. And just last month , a man attempted cutting live copper wires with a bolt cutter. He suffered from electric shock and fell 30 feet from his ladder, later dying at a Charlotte hospital. I could go on, but I think you get the point. I guess these people aren’t bright enough to know that rather than risk electrocution, it’s easier to rob someone’s house and …

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Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck (NYSE:TCK), Southern Copper(NYSE:SCCO) Plunge on Falling Copper Prices

Copper prices have plummeted today, dragging down heavily-exposed copper companies like Freeport-McMoran (NYSE:FCX), BHP Billiton (NYSE:BHP), Teck Resources (NYSE:TCK) and Southern Copper(NYSE:SCCO). Much of this was precipitated by the weakening euro versus the U.S. dollar, as the dollar index rose early in the trading session. There is also the continuing uncertainty as to the demand which

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Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck Resources (NYSE:TCK) Down on China CPI Report

Freeport-McMoRan Copper & Gold(NYSE:FCX), BHP Billiton Limited (NYSE:BHP) and Teck Resources (NYSE:TCK) were all down Friday as uncertainty clouded the demand picture when news China’s consumer price index rose to 4.4 percent (higher than what was anticipated), leading to speculation China may tighten the economy by raising interest rates in order to fight inflation. Gold price obviously

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Ivanhoe’s (NYSE:IVN) Friedland Marketing Up the Company

It’s no secret Ivanhoe (NYSE:IVN) is looking for even more financing for its Oyu Tolgoi mine in Mongolia, and Ivanhoe Chairman Robert Friedland has been seen a lot in the news lately letting people know about the incredible project they have in Oyu. He’s been making some interesting comments a la Richard Branson to get the Ivanhoe brand stuck in the minds of potential investors. Even though he

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Freeport (NYSE:FCX) Earnings Increase 10 Percent in Second Quarter

Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) enjoyed a 10 percent increase in earnings in the second quarter, as higher copper and gold prices helped them to a strong showing, even though production numbers were down.The miner earned $1.49 a share after excluding one-time items, far above the $1.34 a share analysts had been looking for.Copper prices surged 38 percent higher on average during

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Freeport McMoRan (NYSE:FCX) Getting Closer Look from Moody’s (NYSE:MCO)

Freeport McMoRan (NYSE:FCX) hasn’t had a lot of good news on the macroeconomic level lately, and that has caused it to plummet from a 52-week high of $90.55 in January to closing at $61.07 a share on Tuesday. Consequently, they’ve had their credit ratings lowered during that time, and word is Moody’s (NYSE:MCO) is now reviewing a variety of their ratings to see if any merit being upwardly

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Freeport (NYSE:FCX) Vulnerable to Weak Housing Market

The recent news that housing starts in the U.S. plunged after the tax credit ended, wasn’t good news for copper producer Freeport McMoRan (NYSE:FCX), which has also faced bad news, along with other copper producers, over the Chinese battling inflation in their property market by raising interest rates and limiting the number of properties people can buy. Add to that increasingly bad economic

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Freeport-McMoran (NYSE:FCX) and Uncertainty Over Copper Prices

Freeport-McMoran (NYSE:FCX) is largely dependent on the price of copper as to its success, and the news today that Europe allegedly had improvement in their industrial sector last month added more to the confusion if copper prices than helped it. As a result, puts and calls were made on both side of the trader aisle, reflecting the uncertainty of the copper market. Conflicting news and data are

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