Tag
Freeport-McMoRan
3 articles
Copper Holds $39+ as LME Backwardation Shows Structural Floor
CPER settled at $39.39 on Aug. 19 as LME tom-next spread surged to $75/ton premium, rewarding nearby holders despite Chinese demand concerns.
Freeport-McMoRan Hits $74.52 on Q2 Beat, Copper Deficit Set to Drive Upside
FCX surged 4.1 percent Aug. 21 after beating Q2 revenue and earnings estimates, with management guiding to 32 percent copper production growth by 2028 as global supply tightens.
Steel & Copper Tariffs Tighten: U.S. Producers Eye Profit Boost
The Trump administration's strategic realignment of steel, aluminum, and copper tariffs signals a significant cost increase for many imports, directly benefiting U.S. materials companies and reshaping industrial supply chains.