"With copper prices surging to their own all-time high of around $12,000 per ton on the London Metal Exchange (LME) - fueled by market disruptions from President Trump's tariff threats and strong demand from electrification and artificial intelligence (AI) infrastructure - is there still room for investors to capitalize on Freeport's momentum? Freeport-McMoRan has delivered impressive gains in 2025, up roughly 34% year-to-date, comfortably outpacing the 17% advance by the S&P 500."
"Freeport-McMoRan's performance has been hampered by a tragic mud slide incident at its Grasberg mine in Indonesia in September, which halted production, led to a declaration of force majeure - a legal term excusing contract fulfillment due to uncontrollable events like natural disasters - and delayed output. The event caused fatalities and infrastructure damage, resulting in a phased restart plan that won't begin until the second quarter of 2026, and will extend into 2027, weighing on near-term production and sent"
Freeport-McMoRan shares rose to $50.64, trading within 8% of the May 2024 high and about 16% below the all-time peak. Copper prices hit record highs near $12,000 per ton on the LME, driven by tariff-related market disruptions and strong demand from electrification and AI infrastructure. Freeport benefits from higher copper prices and a diversified, low-cost asset base across North America, South America, and Indonesia. The company has outperformed the S&P 500 year-to-date but lagged some copper peers. A September mud slide at the Grasberg mine caused fatalities, force majeure, and a phased restart delayed into 2026–2027, pressuring near-term output.
Read at 24/7 Wall St.
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