The following video is part of our "Motley Fool Conversations" series, in which analyst Jim Mueller discusses topics across the investing world.

There's still a lot of room to grow in commodities stocks, and Freeport-McMoRan Copper & Gold is a case in point. Jim takes us through first-quarter earnings, where it beat analyst expectations. It smartly refinanced some debt and is investing to grow copper production by 25% over the next few years. Plus, it pays a healthy (and growing!) dividend.

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