Freeport-McMoRan (FCX)

[pack10]

Interesting. I was president of a stock club for almost 7 years. Members moved away, lost interest, so we dissolved the club. We found it hard to get all members to agree. Hope you're having better success.

FCX is the Number 1 copper producer in the world. Electric vehicles are starting to become more sought after than ever before. The automotive market is a very huge market. Not to mention the trucking industry. With this in mind it seems reasonable to assume that many more electric motors will be produced to drive all these electric vehicles. These motors are made with copper inside. Will FCX need to increase production of copper to keep up with demand. Just thinking FCX could be the stock to own if demand outstrips supply.
Thinking out loud and trying to find a beat down stock. Maybe undiscovered stock

How about running that by your members and let me know their thoughts.

Thanks in advance.