What Does Freeport-McMoRan Offer?
Freeport-McMoRan Inc. (FCX) is involved in the mining, smelting, and refining of copper, gold, and molybdenum
Copper is bought by third-parties for use in construction and the manufacture of electrical appliances and industrial machinery. Gold is mainly sold to jewelry players and certain sensitive electronics industries. Molybdenum is primarily sold to the steel industry to make steel alloys. It is also used in various chemical and lubricant industries.
What Are The Alternatives?
For Copper: Rio Tinto, BHP Billiton, Codelco, Southern Copper, Newmont Goldcorp.
For Gold: Newmont Goldcorp, Barrick Gold, Anglo Ashanti.
For Molybdenum: Rio Tinto, Southern Copper, Codelco.