Freeport-McMoRan’s Q2 2016 Earnings Preview: Lower Copper And Oil Prices To Adversely Impact Results
We expect Freeport-McMoRan’s Q2 2016 results to be negatively impacted by the decline in copper and crude oil prices over the course of the last twelve months. A slowdown in economic growth in China, the world’s largest consumer of copper, is weighing on demand for the metal, translating into weaker copper prices. Oil prices have fallen due to a global supply glut. However, higher copper sales volumes as a result of higher production from the expanded Cerro Verde mine in Peru will partially offset the impact of weak pricing on the company’s revenue and profits.
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?
- Why Have Copper Prices Declined Over The Past Year?
- Why Is China Important For The Global Copper Industry ?
- Will Freeport Stock Recover To Pre-Inflation Shock Highs Of $52 Per Share?
- What To Expect From Freeport’s Q2 Results
- How Is Freeport Stock Faring Amid Volatile Copper Prices?
- Copper Prices Have Recovered A Bit. Is Freeport Stock Worth A Look?
- Lower Copper Prices Will Weigh On Freeport’s Q3 Results
- What’s Happening With Freeport-McMoRan Stock?
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