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1.37263157685714E-16 -0.000193180720564049 0.000579542161692285 0.000386361441128236 -0.00144885540423058 -0.000579542161692285 0.000676132521974378 -0.000386361441128099
Stock impact report

Freeport Stock Rises 35% in 3 Months: What's Driving the Rally? [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Image Source: Zacks Investment Research Freeport's top line has been benefiting from record-high copper prices, as the majority of its revenues come from copper. In the last reported quarter, Freeport reported an increase of 38 cents in ARP for copper compared to the previous year period. A tight global market and supply chain bottlenecks are resulting in the metal's rally. The demand for copper is supported by technology and energy transitions in various sectors. The automotive electrification is expected to be a significant growth driver for copper as electric vehicles consume more copper. Freeport anticipates strong potential for the EV market and expects rapid growth over the next decade. The economic situation in China further strengthens copper's outlook, with electric vehicles and alternative energy generation increasing. The Grasberg operational challenges put a pause on the delivery obligations. This put pressure on its supply and further favored copper prices. Mea Show less Read more
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