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Express News | Freeport-Mcmoran Inc : Bernstein Cuts Target Price to $49 From $50
Worries of decline intensify! Copper price suffers heavy losses of 20% in two months, falling below the $9,000 mark.
Due to concerns about global economic growth, the argument for "copper shortage" has begun to waver. Some analysts believe that whether investors should buy copper or not depends on their view of the global economic recovery prospects. If they think the prospects are good, then the current price is a good buying point.
