US EditionCopper Hits $12,000 a Ton. Time to Mine Freeport-McMoRan for More Profits?
13 Articles
13 Articles
The copper rally did not stop and today scored a new milestone as the price of the ton broke the barrier of the US$ 12,000 in the London Metal Exchange.According to Codelco, the ton was transferred exactly at US$12,070, equivalent to US$5.47 per pound, which represents a new historic peak.With this result, the country's main export product accumulates a leap of 38.6% in what goes from 2025, while the average price rubs at US$4.5. This figure is …
Copper Hits $12,000 a Ton. Time to Mine Freeport-McMoRan for More Profits?
Quick Read Freeport-McMoRan (FCX) shares rose 34% year-to-date as copper hit $12,000 per ton on the London Metal Exchange. Freeport’s Grasberg mine in Indonesia remains halted until Q2 2026 after a fatal mudslide stopped production in September. Morenci and Cerro Verde mines are offsetting Grasberg losses with operating income more than doubling at Morenci to $396M. If you’re focused on picking the right stocks and ETFs you may be missing th…
As copper reaches record $12K per ton, everyday products poised to get even more expensive
Copper prices have surged past $12,000 per metric ton for the first time, setting a record on the London Metal Exchange and triggering fresh cost pressures across the economy.
The year ends with a final rally in the price of metals that is approaching gold at $4,500 an ounce and that has led the copper to exceed today for the first time the height of the 12,000 dollars a ton. The threat of tariffs and a persistent supply shortage have triggered the price of copper by more than 30% this year, an increase to which analysts give continuity in 2026, with forecasts that the metal could reach even 15,000 dollars a ton. Cont…
Copper Hits $12,000 for First Time as Tariff Trade Upends Market
Copper hit a fresh all-time high above $12,000 a ton as severe mine outages and trade dislocations linked to US President Donald Trump’s tariff agenda put the crucial industrial metal on course for its biggest annual gain since 2009.
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