Copper has been on a tear, and while there are some shorter-term tariff related impacts at play, the medium-term picture for one of the key metals underpinning global electrification remain sound. Demand will likely outstrip global supply in the coming years, and the recent moves have highlighted that changes in the market are leading to big price reactions. FCX US is the world’s largest copper company, incredibly well positioned to take advantage of higher copper prices over time.
MM is bullish FCX US ~$43
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