Freeport-McMoRan shares are trading lower amid a drop in copper prices.
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan shares are trading lower due to a decline in copper prices.
June 17, 2024 | 3:22 pm
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Freeport-McMoRan shares are trading lower due to a decline in copper prices.
Freeport-McMoRan (FCX) is heavily reliant on copper prices for its revenue. A drop in copper prices directly impacts the company's profitability, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100