Why Shares in Freeport-McMoRan Soared in December

Shares in copper miner Freeport-McMoRan (FCX -1.71%) rose 14.1% in December, according to data provided by S&P Global Market Intelligence. The move comes as a consequence of two related factors.First, the price of copper moved higher again in December. After hitting a low of $3.55 per pound in October, the price moved higher through November and then December, hitting a peak of $3.93, and at the time of writing, it stands at $3.85. While it's never a good idea to get too wrapped up in short-term price movem ...