On Wednesday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), gained 0.29% to $10.25, hitting its lowest level.
Freeport-McMoRan has stopped exporting since last month from one of the world’s largest copper mines that it runs in Indonesia, a spokesman said on Wednesday, as the U.S. miner awaits approval from the trade ministry, according to Reuters.
Riza Pratama, a spokesman for the company’s Indonesia unit, confirmed in a text message to Reuters that exports had stopped since “the last permit expired July 25″. Reuters Reports
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Shares of WPX Energy, Inc. (NYSE:WPX), inclined 3.60% to $8.91, during its last trading session, as oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles offered a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices, according to Reuters.
Concerns that U.S. inventories could build again from higher crude imports and refinery outages kept a lid on the rebound.
U.S. crude futures CLc1 settled up 22 cents, or 0.5 percent, at $43.30 a barrel, after gaining almost 80 cents at the session high. The market lost $1.88, or more than 4 percent, on Tuesday, settling at $43.08 a barrel, its lowest since March 2009. Reuters Reports
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Finally, Precision Castparts Corp. (NYSE:PCP), ended its last trade with -0.22% loss, and closed at $230.30.
The board of directors of Precision Castparts has declared a quarterly cash dividend of $0.03 per share on the company’s common stock payable on September 28, 2015, to shareholders of record at the close of business on September 4, 2015.
Precision Castparts Corp. manufactures and sells metal components and products to the aerospace, power, and general industrial and other markets worldwide. The company operates through three segments: Investment Cast Products, Forged Products, and Airframe Products.
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