There is a sense in the wider market that price correction of a whole host of commodities from copper to crude oil will not turn into an uptick anytime soon. Neither were the price declines in sync, nor is the uptick going to be.
Heard on the Street: Carl Icahn has taken a stake in Freeport-McMoRan, the copper miner which recently has been a hive of activity in terms of cutting costs and addressing concerns about its balance sheet.
PHOENIX (dpa-AFX) - Freeport-McMoRan Inc. (FCX) announced it has revised
capital and operating plans in response to the recent decline in copper prices
resulting in reduced capital expenditures, lower production levels and lower
NEW YORK (TheStreet) -- Shares of Freeport-McMoRan
are sliding by 3.09% to $7.99 in afternoon trading on Wednesday, as copper prices fall on concerns about China's economic well-being.
Copper for September delivery is down by 2.81% to...