Copper (HGX24), which is also known as the red metal, has been red-hot, and hit record highs last month. However, copper prices are now in the correction zone after having fallen by over 10% from their recent highs, and share prices of copper miners have also followed suit.
Freeport-McMoRan (FCX), which is the world’s largest listed pure-play copper miner, is now down over 10% from its 52-week highs, and - like copper - it's also in the correction zone. Should you buy the dip in FCX stock? We’ll explore in this article.
