Freeport's 'Moly B' Exposure

Besides being the world's 2nd Largest producer of COPPER (and the largest publicly traded copper producing company in the world)...Freeport McMoran (FCX) is also the WORLD'S LARGEST producer of Molybdenum.

This is significant because 75% of the worlds' molybdenum is consumed via STEEL production. In other words, Freeport is not only benefiting from record high prices in COPPER...it's also benefitting from record high prices in STEEL.

*FCX's 2007 Numbers:
Total --> $17.0B sales, $6.5 Billion operating income
Molybdenum --> $1.75 B in sales, $353 million operating income

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*Chile's private state-owned Codelco is the WORLD's LARGEST producer of COPPER

*Chile accounts for 1/3 of the World's total global production of COPPER

Full Disclosure: I own shares of FCX.