Freeport-McMoRan (FCX) shares have risen 44% in 2026, driven mainly by a strong copper price rally and improved production at its Grasberg mine. Copper prices, which averaged $5.93 per pound year-to-date and reached $6.30 in July, have been the key factor pushing FCX and its peers higher. The company’s Q2 production improvements and cost discipline support further gains, with potential for shares to reach $100 if copper prices approach $7 and operational targets are met. Investors should watch upcoming earnings and copper market trends, as FCX remains sensitive to commodity price swings.
Kahn Swick & Foti, a law firm led by former Louisiana Attorney General Charles C. Foti, Jr., has started an investigation into Freeport-McMoRan following a fatal mud rush incident at its Grasberg mine in Indonesia. The incident, which resulted in two...
Jim Cramer predicted copper prices could reach $100 following a breakout above $75.74, but the breakout quickly failed, causing a pullback in Freeport-McMoRan (FCX) shares. Despite this, portfolio manager Kevin Simpson is buying the dip, citing stron...
