Dallas,Tx 6/1/2010 11:39:24 PM
News / Business

Stock Alert : Metal Stocks Slid Slightly (FCX, SCCO, TGB, TCK, Alcoa Inc.)

Metal Stocks

 

Shares of Copper or other metal related companies shares slid on Tuesday as Copper Prices fell over 1% over China’s growth concern. Also, Widening concern over Europe’s debt crisis is moving the commodities under pressure.

 

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is the biggest loser and lost 2.31% to $68.43 with over 5.80 million shares. So far this year, the stock is down over 15.50%. Over the past 52-week, the stock had been moving in the range of $43.19-$90.55.

 

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Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company.

 

Southern Copper Corporation (USA) (NYSE:SCCO) fell 2.10% to $28.86 with over 1 million shares. So far this year, the stock is down over 12.50%. Over the past 52-week, the stock had been moving in the range of $18.46-$36.98.

Southern Copper Corporation (SCC) is an integrated copper producer. The Company produces copper, molybdenum, zinc and silver.

 

Taseko Mines Limited (USA) (AMEX:TGB) lost 3.60% to $5.13 with over 797K shares. So far this year, the stock is up over 23%. Over the past 52-week, the stock had been moving in the range of $1.40-$6.21.

 

Teck Resources Limited (NYSE:TCK) slid 1.82% to $33.40 with over 2.50 million shares. Over the past 52-week, the stock had been moving in the range of $14.48-$46.92. So far this year, the stock is down over 6.50%.

Teck Resources Limited (Teck), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining. Its major products are metallurgical coal, copper and zinc.

 

Alcoa Inc. (NYSE:AA) slid 1.63% to $11.45 with over 10 million shares. So far this year, the stock had underperformed the wider market and plunged about 30%.

Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined.

 

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