Reuters reported that Freeport McMoRan Copper & Gold Inc demand for the metal had softened yet it was still selling all of the metal it produced.
Mr Richard Adkerson CEO of Freeport said that "There has been some softening in copper demand but not to the extent seen in the copper price. There is disconnect right now and that's because investors are concerned about the future. There are huge macroeconomic uncertainties and it's driven by that."
He said that "We are still selling all the products we produce to customers, not to exchanges and very little to traders and we anticipate that continuing."
