FCX
$58.09
Freeport-McMoRan Inc.
Recent News
Freeport-McMoRan (FCX) Surpasses Market Returns: Some Facts Worth Knowing
In the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $57.93, denoting a +2.75% move from the preceding trading day.
This Copper Stock Is Worth Mining. The Metal’s Boom Is On.
Worries about the Iran war have rocked financial markets, raising concerns that higher oil prices will lead to a global economic slowdown. Copper, one of the more highly cyclical metals, has pulled back as a result—as have shares of Freeport-McMoRan the largest copper miner in the U.S. Freeport is down more than 10% from its 52-week high.
Freeport-McMoRan (FCX) Is Down 5.5% After Grasberg Rights Extension Deal With Indonesia Government
In recent days, Freeport-McMoRan signed a memorandum of understanding with the Indonesian government to extend its Grasberg mining rights beyond the current 2041 license, agreeing to transfer an additional 12% ownership stake in the mineral rights at no cost after that date, while analysts have updated their views on the company’s role in global copper supply. This agreement helps clarify long-term access to one of Freeport-McMoRan’s most important assets, a factor that could materially...
Macro Matters: A Look at What 3 Market Indicators Are Telling Investors
Charts like the 10-year Treasury yield, the copper-to-gold ratio, and the VIX help reveal shifts in risk appetite, economic momentum, and investor sentiment.
This Surprising Sector Has Slid During the Iran War
The SPDR S&P Metals and Mining ETF has fallen nearly 6% since the Iran conflict began as higher oil prices and economic slowdown fears weigh on metals demand.