SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 31, 2010 08:14 ET

Professional Research on Freeport-McMoRan Copper & Gold Inc. and Southern Copper Corporation -- Copper Prices Still Climbing

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 31, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the copper industry, and offers free research on industry players Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Southern Copper Corporation (NYSE: SCCO). Register today at to receive free research reports on these companies.

Copper prices continue to rise as the ratio of supply to demand remains heavily in favor of copper producers such as Freeport-McMoRan Copper & Gold Inc. and Southern Copper Corporation. While copper has many uses, construction accounts for most of its demand. Global construction in emerging markets has increased rapidly in the last year and as a result so has the price of copper. Prices have risen 28% since the start of 2010 and now sit around $9,350 per metric ton. Shareholders and investors can sign up today at or to download the full reports on Freeport-McMoRan Copper & Gold Inc. and Southern Copper Corporation. is a specialized website where investors can have complete access to free reports on copper industry; traders looking for analyst opinions on Freeport-McMoRan Copper & Gold Inc., Southern Copper Corporation and other players in the industry are welcomed to sign up for a free one year membership at

Currently, no country in the world is building more than China, and as a result, the country accounts for about 40% of global copper demand. Copper imports in the region jumped 19% year over year. Visit us at to understand the catalysts and forces driving or affecting copper stocks.

While copper prices are still on the rise there are fears that the bottom could fall out quickly if construction in China slows. A construction slowdown in China could cause copper prices to plunge dramatically.

Moving forward, demand for copper is still significantly higher than supply. If the trend continues, some analysts suggest that copper prices could reach $11,000 per metric ton by the end of 2011. 

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