Technical Analysis on Freeport-McMoRan Copper & Gold Inc. and Southern Copper Corp. - Cloudy Future for Copper
NEW YORK, NY -- (Marketwire) -- 10/31/12 -- Higher production costs, mining disruptions and soft pricing are all weighing on the bottom-line of copper producers. Still, some miners improved production in the quarter and could be well positioned to capitalize under more favorable pricing conditions. StBulls.com has initiated technical analysis on Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Southern Copper Corporation (NYSE: SCCO) which serves the Copper industry. These reports are free upon registration. Rest assured that there is no financial commitment to sign up on
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Southern Copper Co., for example, improved third quarter production by 3% but net profit still sank 67%. This is not as discouraging as it looks though. Much of the profit declines can be attributed to higher legal fees. Assuming legal fees decline and production increases, the next quarter could look drastically different. Investors looking for technical analysis on Southern Copper Corporation are encouraged to use the link below
http://www.stbulls.com/SouthernCopperCorporation31102012.pdf
The future is a little cloudier for miners like Freeport-McMoRan Copper & Gold Inc. Higher production costs will be a major concern moving forward but its efforts to up exploration and expand operations does offer some upside. Avoiding costly labor strikes will also be key. An uptick in copper pricing could definitely help improve margins. Read our technical analysis on Freeport-McMoRan Copper & Gold Inc. by clicking on
http://www.stbulls.com/FreeportMcMoRanCopperandGoldInc31102012.pdf
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