Technical Coverage on Freeport McMoRan and Southern Copper - Copper Rising - The Road Ahead

 Technical Coverage on Freeport McMoRan and Southern Copper - Copper Rising -
                                The Road Ahead

  PR Newswire

  LONDON, February 4, 2013

LONDON, February 4, 2013 /PRNewswire/ --

Copper has started seeing an upward growth trend since last Monday. On January
29 ^th , it rose by 0.5 percent to $8,089 a metric ton on the London Metal
Exchange. Established copper miners like Freeport McMoRan Copper & Gold Inc
(NYSE: FCX) and Southern Copper Corp. (NYSE: SCCO) are reporting mixed
results. StockCall analysts have finished the technical reports on Freeport
McMoRan and Southern Copper, and these free reports can be accessed upon
signing up at 

Factors Driving Growth

Expected growth in the United States economy is the main driving forces for
rise in copper. Good economic growth will push production and demand for
copper will increase.

Manufacturing is more stable now and jobs are increasing. Durable goods
consumptions recorded continuous growth for the fourth month in a row. U.S.
companies are planning new investment models but remain concerned of a
probable tight fiscal policy. However, the Fed has stated that it plans to
keep short-term interest rates low for as long as unemployment rate does not
fall back to 6.5% from the current value of 7.8%. Investors are waiting for
more U.S. economic reports and Federal Reserve Policy Decisions.

Expectations from McMoRan Copper & Gold and Southern Copper

Freeport McMoRan expects a substantial increase in copper production supported
by strong financial results. Its shock rose by 5% on January 22 ^nd as the
company reported 78 cents per share of earnings. The quarterly revenue
experienced a year-on-year growth of 8%. The company projects a growth in
copper production from 3.66 billion pounds in 2012 to over 5 billion pounds in
2015. Freeport McMoRan Copper & Gold is expecting a year-on-year growth of
more than 7% for copper sales in the North American market. Our free research
on Freeport McMoRan is available free of charge by registering today at

Southern Copper Corp. raised copper production by 7% in the first half of 2012
and in 2013 copper production is expected to go up by 4.6%. The revenue and
earnings per share are seeing a decline for the last three quarters. Even the
estimates for 2013 are depressing. The company stock is trading at 11% below
the $44 value in January 2012. The debt levels are $16 billion. The company is
not able to fight the global slowdown in demands and increasing pressure from
competitors. Its copper production is increasing but its overall growth is
slowing down. Download the free research on Southern Copper today by
registering with us at


A mixture of key elements is operating in major economies around the world
with the potential to drive results either way. Though demand for copper has
started increasing owing to better economic conditions, supply is surging as

Copper is expected to continue growing in the near future as positive economic
data from China and the United States is pulling demands up. However, copper
mining companies are also expecting to scale up their production in the coming
months because of strong fourth quarter performance. Future prospects depend
on fiscal and monetary policies of the U.S. government.

At this moment in time, there is a need for well planned economic policies
which can strike a balance between demand and supply forces. Long-term growth
for copper will mainly depend on how willing the governments are to achieve

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