On Friday, Shares of Freeport-McMoRan Inc (NYSE:FCX), gained 8.20% to $10.62, as copper prices bounced back from earlier losses.
Copper for December delivery was up 1.56% to $2.3405 per pound on the COMEX Friday’s afternoon.
Looking ahead, copper prices are predictable to be supported by output reductions in Chile. The country’s second biggest copper mine, Collahuasi, is planning on decreasing output by 30,000 tonnes, Reuters reports.
Earlier Friday, copper prices were sliding due to the strong dollar and as U.S. job data added to concerns about China’s weakening demand, Reuters added.
Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations.
Shares of Dow Chemical Co (NYSE:DOW), inclined 3.40% to $44.45, during its last trading session.
Synthace and Dow AgroSciences LLC, a wholly owned partner of The Dow Chemical Company (DOW), recently declare they have reached a research partnership to optimize technology by accelerating development of fermentation-based production of crop protection products.
The partnership comprises a multi-seat enterprise license giving Dow AgroSciences access to Synthace’s Antha software tools. As part of the agreement, Synthace’s advanced tools and software will be used to support development of superior microbial production strains at Dow AgroSciences. This partnershipbrings together expertise in natural products from both companies to enable new approaches for accelerated product development.
This partnership supports the ability of Dow AgroSciences to use the power of nature in conjunction with fermentation technology, to produce and develop solutions for farmers. These types of products prevent pest infestation and control disease to improvement crop yields. Applying automated strain engineering enables quicker development of new microbial production hosts in the lab which can expedite development of fermentation processes for new products. Farmers win as new solutions can be brought to market more quickly. Dr. Tim Fell, Chief Executive Officer of Synthace, commented, “Antha is a platform that links research, development and biomanufacturing. We look forward to employing it with Dow AgroSciences to optimize tools and processes that enable them to continue to boost bottom-line performance.”
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world.
Shares of Cemex SAB de CV (ADR) (NYSE:CX), inclined 1.78% to $7.13, during its last trading session.
Cemex SAB de CV, declared recently the winners of “INTEGRATE your ideas”, the company’s Global Sourcing Suppliers Innovation Program. From a pool of 22 international participants, CEMEX selected three ideas mainly for their innovation, potential financial contribution to the company’s operations, ease of implementation, and degree of scalability in different countries.
The ideas presented by suppliers were critically examined through a two-stage assessment. First, 53 Global Procurement executives and Procurement country heads conducted an in-depth review of the concepts presented. Second, a group of 20 experts from several areas across CEMEX performed a thorough analysis of the projected solutions.
CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world.
Finally, Olin Corporation (NYSE:OLN), ended its last trade with 3.19% gain, and closed at $17.48.
Olin Corporation, saw a large improvement in short interest in the month of September. As of September 15th, there was short interest totaling 17,073,514 shares, an improvement of 70.1% from the August 31st total of 10,036,092 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 3,775,087 shares, the short-interest ratio is presently 4.5 days. About 22.4% of the company’s stock are sold short.
The business also declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.80 annualized dividend and a yield of 4.76%.
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
