How tight supply, AI demand propelled copper towards US$12,000 [BNN Bloomberg (Canada)]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: BNN Bloomberg
Valued for its exceptional electrical conductivity, copper wiring is vital in power grids that feed data centers, electric vehicles and the infrastructure needed for the energy transition. Copper prices are up 35 per cent so far this year and heading for their largest gain since 2009, due to mining disruptions and stockpiling in the U.S. On Friday, they touched US$11,952 a ton. “Investors who want a broad basket of AI interests will also buy into financial products which include hard assets that feed into data centers,” said Benchmark Mineral Intelligence analyst Daan de Jonge. “Investors will buy copper-related assets such as ETFs.” Canada's Sprott Asset Management launched the world's first physically backed exchange-traded copper fund in mid-2024. The fund, which holds nearly 10,000 tons of physical copper, has shot up by almost 46 per cent this year to nearly 14 Canadian dollars per unit. A recent Reuters survey of analysts' forecasts shows the copper market will see a de
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- Shareholders of Freeport-McMoRan Inc. Should Contact Levi & Korsinsky Before January 12, 2026 to Discuss Your Rights – FCXGlobeNewswire
- FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit with the Schall Law FirmGlobeNewswire
- Freeport-McMoRan (NYSE:FCX) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Freeport-McMoRan Inc.(FCX) ShareholdersPR Newswire
- Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy PronGlobeNewswire
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- 10/24/25 - Beat
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- 12/11/25 - Form 144
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