Freeport-McMoRan -- one of the cheapest companies in North America (Seite 6)

[faultcode]

schön, wie Freeport sein CAPEX unter Kontrolle hat:


https://twitter.com/respeculator/status/1426857184697098247

[faultcode]

Escondida, BHP Group:

28.7.
World’s Biggest Copper Mine Moves a Step Closer to Strike
https://finance.yahoo.com/news/world-biggest-copper-mine-mov…
...

[faultcode]

22.7.
South America’s left turn is bullish copper, top miner says
https://www.mining.com/web/south-americas-left-turn-is-bulli…
...
A hard turn to the left in South American politics may come with a silver lining for mining companies in the form of higher prices, according to Freeport-McMoRan Inc. Chief Executive Officer Richard Adkerson.

Policy uncertainty in Peru and Chile, which account for about 40% of global copper production, is supportive of future prices as producers balk on pulling the trigger on investments, he told analysts on a call Thursday. The shifting political winds are part of the challenges that mining companies face in meeting growing demand as the world transitions away from fossil fuels.

Adkerson, a 74-year-old mining veteran, plans to work with the industry in Peru to engage with the incoming government of Pedro Castillo, who has vowed to take a bigger share of the mineral windfall to fight poverty. In Chile, Freeport is holding off on a major expansion as the country debates tax hikes, drafts a new constitution and heads into a presidential election at a time when voters are pushing to address lingering inequalities.

“We really don’t know what the outcome is, bottom line,” Adkerson said. “This is going to be supportive of future copper prices.”
...

[faultcode]

"Achieved balance sheet targets - positioned for increasing cash returns to shareholders"

2021Q2:

22.7.
https://investors.fcx.com/investors/news-releases/news-relea…


...


...

...
With the recent achievement of FCX's net debt target, FCX expects the Board to consider the amount of additional cash returns to shareholders following its 2021 annual results.
...

[pickuru]

Lorne Steinberg discusses Freeport-McMoRan

https://www.bnnbloomberg.ca/video/lorne-steinberg-discusses-…

[faultcode]

wer wissen will, warum FCX heute Crash-Leader (#1 im SP500) war, der wird auch hier fündig:


10.5.
https://twitter.com/evrytingisawsum/status/13918018156839731…


=> vermutlich haben hier, und woanders im Rohstoff-Bereich, dieselben Hedgies heute geschmissen, die auch Bitcoin geschmissen haben

[faultcode]

Antwort auf Beitrag Nr.: 67.949.741 von faultcode am 26.04.21 14:15:33

FIRST QUARTER 2021
Goehring & Rozencwajg
Natural Resource Market Commentary
The Problems with Copper Supply
http://info.gorozen.com/q1-2021-market-commentary --> PDF

--> wer das gelesen hat, wird die Aktien eines gut geführten Kupferproduzenten nicht mehr so schnell aus der Hand geben:






=> unter z.B. 0.25% cut-off zu gehen bringt also mengenmäßig nicht mehr viel
("below a certain cut-off grade, the cost and complexity to produce copper begins to grow exponentially")


am Ende des Kupfer-Kapitels:
...
The copper bull market is now underway.

Investors are beginning to appreciate the demand story surrounding copper but most investors do not understand the complex issues now affecting supply. Between 2000 and 2020, high copper prices allowed companies to grow their reserve basis even in the face of limited new copper discoveries.

Because of increasing depletion issues, the lack of new world class mines coming online, and geological constraints embedded in copper porphyry deposits, our research tells us that copper supply will show little growth this decade.

Strong demand is about to collide with severe copper supply problems. Copper prices are heading much, much higher.



__
Trotzdem heißt es mMn selektiv und auf der Hut zu sein. Es passiert regelmäßig, daß Developer und Produzenten sich in einem Metal-Bullenmarkt in unabsehbare Kosten stürzen und mitten bei steigenden Erlöspreisen insolvent gehen.

Bei FCX gehe ich aber nicht davon aus. Unmöglich ist aber (auch hier) nichts. Denn es kann durchaus sein, daß gerade solche "staatstragenden" Produzenten unter politischen Druck gesetzt werden in Projekte zu investieren, die eigentlich sinnlos sind.

[Monetarier]

Antwort auf Beitrag Nr.: 68.039.588 von silentsniper am 04.05.21 08:57:56

gefällt mir vom Chart her nicht so gut. Deutlich unter er 200 Tage Linie. Franco Nevada (Streaming & Royalty Play) gefällt mir da charttechnisch besser.

[silentsniper]

Antwort auf Beitrag Nr.: 67.899.224 von Monetarier am 21.04.21 16:14:59

aussichtsreicher Minenwert

Was hältst Du vom Yamana Gold? Nicht wirlklich klein, aber gut aufgestellt.

[pickuru]

Jamie Murray discusses Freeport-McMoRan

https://www.bnnbloomberg.ca/video/jamie-murray-discusses-fre…