FCX
NYSE · Metals & Mining
Freeport-Mcmoran Inc
$72.16
+0.62 (+0.87%)
FCX News11 articles
Copper's Record Price Masks 131K-Ton Supply Glut
Copper prices reached a new all-time high of $14,533 per metric ton, yet a 131,000-ton surplus complicates the rally. Regional shortages and tariff uncertainty are key drivers.
Copper Prices Near Record Highs Amid Tariff-Driven Stockpile Imbalance
Copper prices remain near record highs as U.S. tariffs drive massive stockpiling on COMEX, while global supplies tighten. LME stocks hit lows, highlighting regional imbalances.
Copper Hits Record $6.71 as Tariff-Driven Stockpiles Reach 675,185 Tons
COMEX copper surged to a record $6.7115/lb, while U.S. tariffs kept 675,185 tons in domestic warehouses, tightening global availability.
Copper Rally Fuels $7.8B Surge in Freeport-McMoRan Market Value
Freeport-McMoRan (FCX) surged 7.64% to a record $76.66, adding $7.8B in market value as copper prices point to an $870M cash flow lift. Investors bet on prolonged supply tightness.
Copper Surges Past $14,000 on Supply Tightness and AI Demand
Copper prices on the LME surged past $14,000 a ton, approaching January's record, driven by supply concerns and AI/data center demand.
South32 Shares Dip Amid Copper Volatility and Dividend Focus
South32 shares closed lower at A$4.39, with markets focused on copper price volatility and the company's interim dividend ex-date of March 5. The miner also plans to idle its Mozal aluminium smelter in Mozambique.
Anglo American Shares Dip Ahead of Key Earnings Report
Anglo American's stock declined in London trading as the market awaited its annual financial results, following a warning of reduced copper production and a potential loss at its De Beers diamond unit.
BHP's Copper Surge Fuels Stock Rally, Iron Ore Concerns Linger
BHP Group shares advanced as copper earnings led a half-year profit beat, with the miner setting a 73-cent interim dividend. Analysts note a raised price target but flag iron ore risks.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.
Materials Sector Gains Amid Tariff Uncertainty, Gold Jumps
The materials sector advanced Friday despite pressure on steel producers from tariff speculation, while gold rallied sharply on renewed rate cut hopes.
Materials Sector Surges as Investors Eye Key Economic Data
Basic materials stocks rallied sharply Friday, led by metals and mining shares, as traders rotated into cyclical sectors ahead of critical U.S. jobs and inflation reports.