FCX is a Notable New High, and PD is a Usual Suspect (it often makes my Tradeable Stocks list).

“Freeport-McMoRan Copper & Gold, Inc., through its subsidiaries, engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates in Spain, as well as markets the refined copper products. The company primarily operates the Grasberg open pit and the Deep Ore Zone mines in Indonesia.”

I have exposure to the metals sector via four different things: the Basic Materials Select Sector SPDR (XLB), the Vanguard Precious Metals and Mining fund (VGPMX), the Streettracks Gold ETF (GLD), and Pandas.

“Phelps Ddge Corporation engages in the production of copper, molybdenum, molybdenum-based chemicals, and continuous-cast copper rod primarily in the United States. The company operates in two divisions, Phelps Dodge Mining Company (PDMC) and Phelps Dodge Industries (PDI).”