Technical Analysis on Freeport-McMoRan Copper & Gold Inc. and Southern Copper Corp. - Cloudy Future for Copper

Wed Oct 31, 2012 8:05am EDT

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  NEW YORK, NY, Oct 31 (Marketwire) -- 
Higher production costs, mining disruptions and soft pricing are all
weighing on the bottom-line of copper producers. Still, some miners
improved production in the quarter and could be well positioned to
capitalize under more favorable pricing conditions. has
initiated technical analysis on Freeport-McMoRan Copper & Gold Inc.
(NYSE: FCX) and Southern Copper Corporation (NYSE: SCCO) which serves the
Copper industry. These reports are free upon registration. Rest assured
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    Southern Copper Co., for example, improved third quarter production by 3%
but net profit still sank 67%. This is not as discouraging as it looks
though. Much of the profit declines can be attributed to higher legal
fees. Assuming legal fees decline and production increases, the next
quarter could look drastically different. Investors looking for technical
analysis on Southern Copper Corporation are encouraged to use the link

    The future is a little cloudier for miners like Freeport-McMoRan Copper &
Gold Inc. Higher production costs will be a major concern moving forward
but its efforts to up exploration and expand operations does offer some
upside. Avoiding costly labor strikes will also be key. An uptick in
copper pricing could definitely help improve margins. Read our technical
analysis on Freeport-McMoRan Copper & Gold Inc. by clicking on 

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