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Copper Prices to Rise Says Freeport-McMoran Copper & Gold (NYSE:FCX)

By International Business Times,  July 30, 2012, 02:04:00 AM EDT

Freeport-McMoran Copper & Gold ( FCX ) CEO Richard Adkerson sees Copper prices higher longer term.

Mr. Ackerson said China's slowing has not as big an impact on copper demand as it has had on other commodities.

"There's continued spending on infrastructure," he said, adding the markets are reacting to signs that the Chinese government will take actions to support growth.

With inflation under control, Mr. Adkerson is "optimistic on China."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: FCX



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