Rare Earth Metal Investment - Freeport-McMoRan Copper and Gold

The speculation of the rare earth metals stocks have drove up share prices of companies such as Molycorp and Rare Element Resources for the year.  After the recent correction that saw some of these rare earth metals stocks dropped as many as 40%, this is probably a good time to come back to these high flying stocks.


Freeport-McMoRan Copper and Gold (NYSE:FCX) is known by most people a copper mining company.  The $54 billion company has mining properties throughout Asia, Africa, South America and North America.  The company's 2.59 billion pounds of molybdenum reserve also makes it a part of the family of rare earth metals stocks.  Compared to the other high flying and high speculative rare earth metal stocks, FCX is a much saver defensive option.  However the company probably won't go up as crazy as the other rare earth ones.  


The financial shows improvement in both revenue and income from 2009 to 2010. Current technical chart also indicates upside as the stock is now above 50 day moving average while KD line has just reverse its downward trend.  We should expect shares of FCX to be back in the $60 range soon.