26.07.2016 - We expect the price decline of Freeport-McMoRan
The company Freeport-McMoRan has declared a decrease of loss in the second quarter of this year to 479 million dollars against 1.85 billion a year earlier. The negative impact at performance of the company had write downs of assets in the oil and gas industry and other assets. Sales of copper increased by 16% but the price for it decreased by 20%. We expect the company's shares fall by 18-20% in the coming months against a background of negative dynamics on commodity markets.