Freeport sees rising copper demand boosting 2021 results

(Reuters) - Freeport McMoRan Inc posted a quarterly profit on Tuesday that narrowly beat analysts’ estimates on rising production and prices for copper and gold, with executives forecasting continued growth for 2021.

Copper price defies pullback predictions

Copper prices held steady on Monday despite expectations that its rapid recovery in recent months will reverse on another virus outbreak in China, lowering business activities around the globe.

These 3 Stocks Are the Real Deal

These three stocks are all set for good near- and long-term growth, but for completely different reasons. Copper miner Freeport-McMoRan (NYSE:FCX) is set to benefit from increased demand for copper for use in renewable energy and hybrid/electric vehicles.