Copper $ 5.429 / lb 1.26%
Brent Crude Oil $ 59.86 / bbl 1.56%
Palladium $ 1715.5 / ozt 3.09%
Crude Oil $ 55.99 / bbl 1.65%
Natural Gas $ 3.991 / Btu 1.40%
Silver Futures $ 66.855 / ozt 4.80%
Aluminum Futures $ 2907 / ton 0.94%
Micro Gold Futures $ 4370.6 / ozt 0.87%
Micro Silver Futures $ 66.84 / ozt 4.79%
Platinum $ 1931.3 / ozt 3.05%
Gold Futures $ 4370.7 / ozt 0.86%
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Freeport profit down 32%, to cut capital spending by $1.9bn

Cecilia Jamasmie | July 23, 2013 | 6:38 pm Base Metals Precious Metals Top Companies Asia Europe Copper Gold 

Freeport McMoRan Copper and Gold (NYSE: FCX) logged Tuesday a significant decline in second-quarter profit and announced a plan to cut $1.9 billion from its medium-term capital spending in light of declining metal prices. The Arizona-based miner’s net income dropped 32%...

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