Maybe the company should change its name to Copper & Gold & Molybdenum. Total proven and probable reserves of molybdenum, a metal used in high strength steel alloys,  total 1.9 billion pounds and the metal made up 12% of 2006 sales. With proven and probable reserves totaling 75 billion pounds copper does remain king–especially after Freeport’s 2007 acquisition of Phelps Dodge—which is another reason to like this stock.
Buy Freeport McMoRan Copper & Gold (FCX)
