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Freeport, First Quantum poised to make 2020 copper gains

Despite recent setbacks, copper producers Freeport-McMoRan and First Quantum Minerals could be well-placed to benefit from increased production and favourable copper fundamentals in 2020, analyst firm Jefferies has said.

Freeport, First Quantum poised to make 2020 copper gains Freeport, First Quantum poised to make 2020 copper gains Freeport, First Quantum poised to make 2020 copper gains Freeport, First Quantum poised to make 2020 copper gains Freeport, First Quantum poised to make 2020 copper gains

Freeport McMoRan's Grasberg mine may hold great potential in 2020, according to Jefferies

In its analysis published on Tuesday, Jefferies noted that even at the current copper spot price, these companies would ‘deliver strong free cash flow growth' in 2020.