Advertisement
UK markets close in 8 hours 1 minute
  • FTSE 100

    8,067.72
    +22.91 (+0.28%)
     
  • FTSE 250

    19,775.93
    -23.79 (-0.12%)
     
  • AIM

    755.63
    +0.76 (+0.10%)
     
  • GBP/EUR

    1.1631
    +0.0004 (+0.03%)
     
  • GBP/USD

    1.2433
    -0.0020 (-0.16%)
     
  • Bitcoin GBP

    53,770.23
    +398.41 (+0.75%)
     
  • CMC Crypto 200

    1,418.33
    -5.77 (-0.41%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    83.40
    +0.04 (+0.05%)
     
  • GOLD FUTURES

    2,335.80
    -6.30 (-0.27%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,178.04
    +349.11 (+2.07%)
     
  • DAX

    18,171.21
    +33.56 (+0.19%)
     
  • CAC 40

    8,089.19
    -16.59 (-0.20%)
     

Why Shares in Copper Miner Freeport-McMoRan Crashed Today

Why Shares in Copper Miner Freeport-McMoRan Crashed Today

Shares in copper miner Freeport-McMoRan (NYSE: FCX) dropped 5.9% today. When the market worries about global growth prospects, the first thing to get sold off are these commodities mainly because all it takes is a marginal change in demand to negatively impact prices. There's no way to get around the fact that when copper prices fall, Freeport's stock will suffer.