SOURCE: The Bedford Report

The Bedford Report

January 20, 2011 08:46 ET

Hedge Your Bets With These Copper Miners

The Bedford Report Provides Analyst Research on Freeport-McMoRan & Baja Mining

NEW YORK, NY--(Marketwire - January 20, 2011) - After spiking more than 30 percent in 2010, the price of copper has shown little sign of slowing down to kick off the new year. For a brief moment yesterday London copper prices rose to a record high, lifted by a fall in the dollar and positive US earnings expectations. According to the International Copper Study Group, simple supply and demand is the primary reason for the surge in copper's price. The study group claims that mine production increased a mere 1 percent year on year after the most recent quarter, while usage was up more that 8 percent. Should the strong demand trends continue, analysts argue that the price of copper could continue its record run. The bulls who believe that copper prices will continue to surge may be inclined to look into copper miners. Investors in copper miners are banking on rising earnings, as copper prices rise, to provide value. The Bedford Report examines the outlook for companies in the Copper Industry and provides research reports on Freeport-McMoRan Copper & Gold, Inc. (NYSE: FCX) and Baja Mining Corporation (TSX: BAJ). Access to the full company reports can be found at:

Mining and metals consulting firm CRU estimates that China's copper consumption will almost double by the end of 2020, which would account for nearly 50 percent of world copper sales. With over 1.3 billion citizens, China needs loads of the red metal to meet its modernization requirements for electricity and infrastructure.

Bonnie Liu, an analyst at Macquarie Group Ltd, argued last week that China's copper demand may increase 6 percent this year after climbing 10 percent in 2010.

The Bedford Report releases regular market updates on the copper industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

A higher copper price means higher earnings for copper miners. In its most recent quarter Freeport-McMoRan sold its copper for an average of $3.50 per pound, compared with $2.75 per pound in the same quarter last year.

Baja Mining -- a Canadian based explorer and developer with interests in copper-cobalt-zinc-manganese -- announced last month that it has completed a zero cost collar copper hedge program. Baja claims that the structure of the program significantly preserves the "copper price upside for Baja's shareholders."

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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