FCX
Freeport-McMoRan
September 10, 2026 · pre-market
- Rarity
- 2.10
- Peak move
- −9.35%
- Float cap
- $108.8B
Freeport-McMoRan is an international mining company centered on copper, operating large open-pit mines and processing facilities in Arizona, New Mexico, Peru, Chile and Indonesia. Its Grasberg minerals district in Indonesia also yields significant gold and silver, while Colorado operations produce molybdenum. The company sells copper concentrate, refined cathode and copper rod to construction, electrical, manufacturing and automotive customers worldwide.
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What we found
7 events · 0 from SEC or newswire · 0 timed with the move- Key event
commodity_eventLME copper fell about 3.1% to $14,312 a ton and COMEX October copper slid about 4.2% to $6.5355 a pound on Sept 10, 2026, reversing from a session record $14,875, after a Reuters report said the White House had not decided whether to extend tariffs to refined copper.
insider_saleDirector Lydia Kennard sold 3,798 Freeport-McMoRan shares at an average price of $79.11 on Aug 27, 2026, for about $300,460, leaving her 122,702 shares directly held.
analyst_ratingSanford C. Bernstein lowered its price target on Freeport-McMoRan to $47 from $50 while maintaining a Hold/market perform rating, in a Sept 9, 2026 note, citing a more complex nickel supply chain than copper.
- Key event
executive_remarkAt the Jefferies Global Industrials Conference, CEO Kathleen Quirk said Grasberg's recovery is on plan to reach about 65% of capacity in H2 2026, 80% by mid-2027 and near-full capacity by end-2027, a new Indonesian copper smelter started up about two weeks earlier, and leaching could lift US stockpile output to 800 million lb/yr.
- Key event
policy_changeReuters reported the White House has not decided on refined copper tariffs, weighing higher manufacturing costs against support for domestic mining, with Commerce having proposed a 15% duty from January 2027 rising to 30% in 2028.
commodity_eventLME three-month copper hit a record intraday high of $14,694 a ton on Sept 8, 2026, topping January's $14,527.50 peak, driven by US-bound flows ahead of possible refined-copper tariffs, falling LME inventories and Chile cutting its 2026 output forecast to a 2.6% decline.
debt_financingPT Freeport Indonesia, 48.76%-owned by Freeport-McMoRan, amended and restated its $1.75 billion senior unsecured revolving credit facility, extending maturity from November 2028 to September 2031, with $250 million outstanding as of Sept 1, 2026.