Copper futures, which expire in May 2022, are up about 5% year to date to $4.72 a pound due to supply disruptions caused by Russian aggression in Ukraine and other factors.  Following the rise in the commodity, stocks of the major publicly traded producers have also risen. Since the catalyst is likely to last for a few more weeks, I am bullish on Freeport-McMoRan (FCX) as the stock is growing much faster than the commodity itself. Freeport-McMoRan, a Phoenix, Arizona-based large copper miner that produces nearly 4 billion pounds a year, has seen its shares rise more than 18% this year, outperforming the commodity's rise by a wide margin.
https://www.tipranks.com/news/article/analysts-think-copper-can-rise-freeport-mcmoran-to-benefit?utm_source=advfn.com&utm_medium=referral
Freeport McMoRan (NYSE:FCX)
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