Freeport-McMoRan, Copper Demand Short-Term Pain, Long-Term Gain

Investing in basic materials stocks often requires looking around corners into an opaque future. That’s been the case for shareholders of Freeport-McMoRan Inc. NYSE: FCX. For the last four years, the stock has been a better trade than it has been an investment. You can blame much of the volatility in FCX stock on the demand for copper.   Copper is a critical metal that is needed for many renewable energy applications such as electric vehicles (EVs), solar panels, and wind turbines. But it’s also a key metal ...