Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-23T22:11:18+00:00
These are good times for copper producers. Demand for their product is decidedly robust, particularly for copper coil or copper plate or the ultra-pure copper broken up literally into atoms to make tiny, high-speed computer chips. Or all the wiring and related equipment used in data centers. Copper is trading at $6.32 per pound in New York and $13,895 per ton in London, a bit below all-time highs reached in May. The price is up more than 700%, whether in New York or London, since the end of 1999,Macrotrendsnoted. Freeport-McMoRan (FCX), the biggest U.S.-based copper miner, reported a 28% profit gain in the second quarter on July 23, despite a 7.3% decline in revenue,Barron'sconfirmed. The Phoenix, Ariz., company's shares were down 2.6% to $63.60 at the time of writing on July 23, but are u
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.