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Freeport-McMoRan not counting on M&A for growth, CEO says
Nucor Corp. (NUE) shares fell 1.32% to $162.54 on Thursday, ending an eight-day winning streak. Despite the loss, Nucor outperformed some competitors, with Steel Dynamics Inc. (STLD) falling 1.98% and Reliance Inc. (RS) rising 0.03%. The S&P 500 Index rose 0.11%, while the Dow Jones Industrial Average fell 0.07%. Nucor's trading volume was slightly below its 50-day average.
Barclays analyst Amos Fletcher maintains a Buy rating on Rio Tinto with a price target of £54.50. Fletcher, a 3-star analyst, has an average return of 2.8% and a 56.11% success rate. J.P. Morgan also issued a Buy rating, while RBC Capital maintained a Hold rating. Fletcher covers the Basic Materials sector, including stocks like Vale SA and FRESNILLO.
Nucor Names CFO Stephen Laxton as COO
Gunnison Copper Corp. announced that Rio Tinto has produced the first copper from the Johnson Camp mine in Arizona using Nuton® Technology. This marks a significant advancement in copper processing, utilizing bioleaching technology developed over 30 years. The project aims to produce 30,000 tonnes of refined copper over four years. Gunnison Copper shares are up 2 cents at $0.39.
