Why Freeport-McMoRan Stock Soared in April

Why Freeport-McMoRan Stock Soared in April
·2 min read

Shares in copper and gold miner Freeport-McMoRan (NYSE: FCX) rose 14.5% in April, according to data provided by S&P Global Market Intelligence. The move came down to a combination of a good set of first-quarter earnings and a sharp increase in the price of copper through the month. With the price of copper rising from slightly less than $4 per pound to around $4.50 per pound through April, Freeport's share price was always going to receive a lift.

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