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.