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0 0.000570233795856323 0.000570233795856323 0.00114046759171265 -0.00361148070708986 -0.00627257175441928 -0.00931381866565282 -0.00931381866565282
Stock impact report

Freeport-McMoRan (FCX) Climbs 8% on Copper Jump to Fresh High [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Freeport-McMoran jumped by 7.9 percent week-on-week, as investors gobbled up shares in copper producers after the metal cracked past a new record high of $12,000 during the week. On Friday alone, Freeport-McMoRan Inc. (NYSE:FCX) registered a nine-day winning streak, mirroring the benchmark three-month copper prices on the London Metal Exchange after surging to $12,282 per ton. The rally was primarily triggered by tight global supply, coupled with strong demand from various industries, as well as the ongoing tariff uncertainties in the US. Further buoying sentiment was Wells Fargo's ice target upgrade for Freeport-McMoRan Inc. (NYSE:FCX) to $55 from $47 previously, while maintaining its “overweight” rating for its stock. Wells Fargo said that the coverage was based on expectations that copper inventories would remain tight amid lingering concerns that the US would slap another round of tariffs on refined copper products, further pushing industries to stock up on supply. Free Show less Read more
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