Monday, October 13, 2008

Copper price down 46%, stocks down 76% on average


An analysis by Mineweb.com today shows the price of copper has dropped 46.4% from its high, in line with other metals. The price of copper mining companies, are off 75.8% from their highs, with Arizona-based Freeport McMoRan Copper & Gold and Southern Copper close to those drops. Both companies are up from their lows. They describe Freeport as "the world's biggest listed miner of copper." [right, copper plates in Peru. Copyright Southern Copper]



Stock

From

From

Value


price

high*

low*

USD bn

Freeport-McMoRan

USD 36.35

-71.4%

11.8%

13.957

Southern Copper

USD 11.36

-76.2%

18.3%

10.036