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Why Shares in Freeport-McMoRan Fell Today

·2-min read

The move comes after a copper price dip following some disappointing economic data from China. The bad data comes from China's closely followed survey of purchasing managers index (PMI), published by the National Bureau of Statistics. The reading of 49 for July (a reading above 50 indicates expansion) disappointed the market and suggested that China's weak patch would continue.