Teck Resources Vs. Freeport-McMoRan: China Stimulus Boost Or Trump Tariff Blues?
Freeport-McMoRan(FCX) Benzinga·2024-10-15 15:51The copper market is caught between a stimulus-fueled surge and the looming specter of Trump 2.0 tariffs. According to JPMorgan's Bill Peterson, investors are riding high on China's stimulus optimism, but the road ahead may be rockier than expected.China Stimulus: A Boost Or Bubble?China's recent stimulus announcements have sent copper stocks, including Teck Resources Ltd TECK and Freeport-McMoRan Inc FCX, climbing — TECK up 6% and FCX up 8% since late September.But Peterson warns that expectations might ha ...