Freeport (FCX), (RIO), (TCK) Pumped Up on Raw Material Demand

Shares of Freeport-McMoRan (NYSE:FCX), Rio Tinto (NYSE:RIO) and Teck Resources (NYSE:TCK) continue to soar on the expected long-term demand for raw materials from Japan, to add to the demand from China as well.

The amount of devastation in the country ensures there will be a call for commodities to help Japan rebuild for years into the future, strengthening an already strong outlook. Diversified miners like these could continue the bull run much longer on the Japan equation alone.

Freeport closed Thursday at $52.00, gaining $1.71, or 3.40 percent. Rio Tinto closed at $64.61, up $2.61, or 4.21 percent. Teck Resources closed at $54.43, rising $2.89, or 5.61 percent.