Necessary in the production of electric vehicles, copper is expected to grow increasingly in demandas auto manufacturers divert their attention from traditional combustion engines. Many investors, consequently, are turning their focus to copper-oriented stocks like Freeport-McMoRan (NYSE: FCX), the world's largest publicly traded copper producer.
But it's not solely the production of copper that helps the company to keep the lights on -- it's also involved in the production of gold and molybdenum.Is Freeport-McMoRan Inc. (FCX) a Buy?
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