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Stock impact report

PICK's Copper Bet Faces Critical Test as China Infrastructure Spending Looms [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
PICK holds BHP, Rio Tinto, Freeport-McMoran and Glencore with heavy copper concentration. Freeport gained 53% over the past year. China's economic health is the biggest factor affecting PICK. China consumes half of global copper, iron ore and steel. Investors rethink ‘hands off' investing and decide to start making real money The iShares MSCI Global Metals & Mining Producers ETF ( NYSEARCA:PICK ) has surged 66% over the past year, climbing from roughly $35 to $58 per share. That rally reflects renewed optimism around industrial metals, particularly copper and iron ore, as infrastructure spending and energy transition projects drive demand. With over $1.2 billion in assets and a 0.39% expense ratio, PICK offers broad exposure to mining giants like BHP Group ( NYSE:BHP Rio Tinto ( NYSE:RIO , and Freeport-McMoran ( NYSE:FCX , which together account for nearly a quarter of the portfolio. The question now is whether this run can continue or if headwinds are building. The single bi Show less Read more
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