Why Copper Stock Freeport-McMoRan Sizzled This Week

Why Copper Stock Freeport-McMoRan Sizzled This Week
·3 min read

Freeport-McMoRan (NYSE: FCX) shares were on fire this week, popping 14.3%, according to data from S&P Global Market Intelligence. A torrid run in metal prices has sparked strong investor interest in the copper stock ahead of the company's quarterly earnings release. The biggest trigger for this stunning price surge is tight global supply, with copper inventories at the London Metal Exchange (LME) tumbling to levels last seen in 1974.

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