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Trends copper Freeport

Freeport-McMoRan Copper & Gold, Inc. (FCX) Wednesday reported a sharp year-over-year plunge in profit for the first quarter, as quarterly revenues more than halved, hurt by a sharp decline in demand for copper and related metals as well as lower copper prices.

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trends copper freeport

DENVER -- Freeport-McMoRan Copper & Gold Inc. said Wednesday it would suspend operations and lay off the bulk of its workers at a New Mexico mine, cut production estimates through 2010 and curb other costs as it struggles to cope with plummeting copper prices

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freeport coper mining trends