Copper
Copper Hits $12,000 A Ton. Time To Mine Freeport-McMoRan For More Profits?
Freeport-McMoRan (NYSE:FCX) shares rose 3% yesterday to close at $50.64 per share, putting them just 8% below the May 2024 high of $54.86 and about 16% shy of the company’s all-time high just above $59 per share that it hit back in 2008. With copper prices surging to their own all-time high of around $12,000 per […]
Metals Meltdown? The Outlook For Aluminum, Steel And Copper Prices
Among tariff turbulence, pauses and U-turns, steel and aluminum tariffs have remained at 25% on U.S. imports since March 12. President Trump has also ordered the U.S. Department of Commerce to investigate copper imports, which could lead to the imposition of a further tariff. J.P. Morgan Research estimates that around 40% of refined copper demand and […]
