Freeport-McMoRan’s Q2 2016 Earnings Review: Weak Copper And Oil Prices Negatively Impact Results

-8.26%
Downside
44.48
Market
40.81
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The prevailing weakness in the prices of copper and crude oil has taken its toll on Freeport-McMoRan’s Q2 results. Weak demand conditions for copper as a result of slowing economic growth in China, the world’s largest consumer of the metal, have negatively impacted copper prices whereas a global supply glut has kept a lid on oil prices. However, a lowering of unit costs as a result of the ramp up of production at the expanded Cerro Verde mine partially offset the impact of weak pricing on the company’s earnings.

FCX Q2 2016 Earnings Review

Have more questions about Freeport-McMoRan? See the links below.

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Freeport-McMoRan

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