Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.
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Flood of new money into the financial system and pending interest rate cut at the end of the month add up to future inflation. FCX is way oversold at this level, and will benefit from increased commodity prices in the coming year. Dividend yield also makes this stock attractive.