PHOENIX, February 07, 2023--Freeport-McMoRan Inc. (NYSE: FCX) announced today the appointment of Kathleen L. Quirk, FCX’s President, to its Board of Directors, effective immediately. Following this appointment, FCX’s Board of Directors is now comprised of twelve members, including ten independent directors, who possess a diverse range of experiences and strong corporate governance credentials.
Shares in copper miner Freeport-McMoRan (NYSE: FCX) rose 17.4% in January, according to data from S&P Global Market Intelligence. The move comes in line with a general increase in the S&P 500 and, more importantly for Freeport-McMoRan, an increase in the price of copper. The industrial metal's price went from around $3.80 per pound at the start of the year to a high of $4.26 per pound in late January to around $4.06 at the time of writing.
The latest earnings from copper, gold, and molybdenum miner Freeport-McMoRan (NYSE: FCX) highlight the ongoing debate around the stock and the copper mining sector. In truth, the miner's share price will always be a function of the price of copper, but that's no bad thing.