FCX Stock Leads Mining Stock Rally; BHP Breaks Out

FCX stock, BHP (BBL), Southern Copper (SCCO) and Teck Resources (TECK) raced higher on Wednesday as the copper futures price jumped near a three-month high. The metal considered by many to be an economic bellwether seems to be signaling robust global growth ahead.




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The near-term copper futures contract rose to $4.58 per pound, up about 3.5% on the day. The copper price had traded in a range of $4.35 to $4.45 over the past month before breaking to the upside.

Data released Wednesday…

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