Freeport-McMoRan (FCX) Moves 7.9% Higher: Will This Strength Last?

Freeport-McMoRan (FCX) shares soared 7.9% in the last trading session to close at $48.72. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% loss over the past four weeks.FCX’s rally appears to be driven by a spike in copper and gold prices.  Copper prices surged to their highest level in more than two months on improving demand in top consumer China, backed by the announcement of economic stimulus measures by the government of ...