By Karim Rahemtulla If you’re looking for the ultimate China play, look no further than Freeport-McMoRan (NYSE: FCX), one of the largest copper producers in the world. The company’s largest mine is called Grasberg – it’s located in Indonesia, and it has been producing huge amounts of copper for years.
But in recent years, Freeport-McMoRan ran into issues with the Indonesian government and had to slow production while new terms were negotiated. Thankfully, that is behind the company now.
But Freeport-McMoRan has also made some poor management decisions, like buying into an oil and gas company at the peak of the market several years ago.
That’s …read more
