While many analysts dutifully track production levels, cash production costs, and global inventory changes, sometimes that seems all but fatuous when it comes to stocks in the industrial materials sector. Although production disruptions and higher costs would indeed be bad for Freeport McMoRan (FCX), ultimately it's going to be the investor outlook for copper prices that moves the stock.
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Costs Rising At Freeport McMoRan, But Price Will Decide The Stock
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