Freeport-McMoRan (FCX) Stock Falls 7% as Copper Pulls Back From Record High

Everyone Is Watching $100 Oil While Copper Miners Are Getting Crushed

While oil headlines dominate trading, copper miners are quietly taking a beating. Freeport-McMoRan (NYSE:FCX) is off over 6% in Thursday’s session to just over $71, extending a 4% slide over the past week. The rest of the copper complex is bleeding in sympathy, and it is happening on a day when investors are watching crude, […]

Freeport-McMoRan (FCX) Shares Tumble 7% Following Copper's Record High Retreat

Freeport-McMoRan (FCX) stock plunged over 7% Thursday as copper prices retreated from record highs, ending a five-session rally at $14,875 per ton.

Freeport-McMoRan (FCX) Stock Falls 7% as Copper Pulls Back from Record High

TLDR FCX stock dropped more than 7% as copper prices retreated from an all-time high of $14,875 per metric ton Three-month copper on the LME slipped 0.2% to $14,743 a metric ton after five straight sessions of gains Traders are questioning whether the copper rally has become overstretched Copper is...