Shares of copper companies are trading lower amid a drop in copper prices.
Portfolio Pulse from Benzinga Newsdesk
Shares of copper companies are trading lower amid a drop in copper prices.
June 04, 2024 | 2:01 pm
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NEGATIVE IMPACT
Freeport-McMoRan Inc. (FCX) shares are trading lower due to a drop in copper prices.
As a major copper producer, Freeport-McMoRan's stock price is highly sensitive to changes in copper prices. The current drop in copper prices is negatively impacting FCX shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Southern Copper Corporation (SCCO) shares are trading lower due to a drop in copper prices.
Southern Copper Corporation, being a significant player in the copper market, is experiencing a decline in its stock price due to the drop in copper prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100