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Copper Vs. Copper Miners

When it rains, it pours. Copper supply disruption fears are occurring in two different parts of the globe, involving two of the largest copper producers in the world, Freeport-McMoRan Inc. (NYSE:FCX) and BHP Billiton Ltd (NYSE:BHP).

In Indonesia, FCX shipments of copper concentrate have been on hold since Jan 12, after a ban on exporting semi-processed ore came into effect. As of January 25, 2017, FCX has not obtained approval to export concentrate. The issue relates to FCX's rights to export concentrate without restriction. 

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by Steve Auger