Why Have Copper Prices Declined Over The Past Year?
Copper is a metal with diverse industrial applications. It is extensively used in the construction, consumer products, power generation, transportation, and industrial machinery sectors. Weak demand for the commodity as a result of slowing economic growth in China and contraction in Chinese manufacturing activity (as indicated by Manufacturing PMI data — a composite indicator of economic activity in the manufacturing sector — where a figure above 50 indicates growth in activity, whereas a figure below 50 indicates a contraction) has resulted in a steady decline in copper prices over the past year or so.
Have more questions about Freeport-McMoRan? See the links below.
- What Is Freeport-McMoRan’s Fundamental Value Based On 2015 Results?
- What Is Freeport-McMoRan’s Revenue And EBITDA Breakdown?
- How Has Freeport-McMoRan’s Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Did Freeport-McMoRan’s Revenue & EBITDA Decline Over The Last 5 Years?
- By What Percentage Can Freeport-McMoRan’s Revenue & EBITDA Change Over The Next 3 Years?
- How Will Freeport-McMoRan’s Revenue Composition Change by 2020?
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