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.
Freeport-McMoRan reported better-than-expected Q3 revenue of $7.55 billion, driven by higher metal prices despite rising production costs and a sharp drop in gold sales. Net income rose to $1.17 billion, with adjusted earnings surpassing estimates. H...
Grupo México plans to invest $4-$6 billion over three years to expand copper mining and restart smelting in Arizona, addressing U.S. shortages in copper refining critical for AI data centers and power grids. This move could ease supply chain bottlene...
