Freeport-McMoRan: Less Copper Supply Isn't All Bad
Source: SeekingAlpha
2026-04-24 16:11:25 ET
Freeport-McMoRan Inc. ( FCX ) is still suffering from the lingering impacts of the tragedy at the Grasberg mine in Indonesia. The copper miner just cut the output targets for the year, causing the stock slump, but Freeport-McMoRan always benefits from lower output leading to higher copper prices. My investment thesis remains bullish on the stock with copper at $6/lb....
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Freeport-McMoRan: Less Copper Supply Isn't All Bad
Freeport-McMoRan Inc.
NASDAQ: FCX
FCX Trading
1.25% G/L:
$57.65 Last:
6,281,631 Volume:
$57.925 Open:
