In the latest trading session, Freeport-McMoRan (FCX) closed at $28.17, marking a +1.11% move from the previous day.
PHOENIX, September 26, 2022--Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its updated Climate Report, which outlines FCX’s ongoing initiatives to reduce its greenhouse gas (GHG) emissions, improve energy efficiency, evaluate and integrate the use of lower carbon and renewable energy sources and enhance its resilience to future climate-related risks.
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.