The Latest Breaking News from Freeport

May Nymex natural gas (NGK24 ) on Wednesday closed down by -0.070 (-3.91%). May nat gas prices on Wednesday fell to a contract low and settled sharply lower. Nat-gas prices are under pressure from expectations for above-normal US temperatures to reduce heating demand and boost nat-gas inventories. EBW AnalyticsGroup on...

April Nymex natural gas (NGJ24 ) on Tuesday closed down by -0.040 (-2.38%). April nat-gas prices Tuesday sank to a 3-3/4 year nearest-futures low. Nat-gas prices have been hammered over the past two months. The overly warm winter in the northern hemisphere and the outlook for warm early spring US...

April Nymex natural gas (NGJ24 ) on Monday closed down by -0.044 (-2.65%). April nat-gas prices Monday tumbled to a contract low and settled moderately lower. Updated weather forecasts calling for warm early spring US temperatures that will reduce heating demand and keep nat-gas inventories elevated undercut prices Monday. Maxar...

April Nymex natural gas (NGJ24 ) on Friday closed down by -0.024 (-1.43%). Nat-gas prices Friday posted moderate losses on abundant US supplies. Thursday's EIA inventory report showed that US nat-gas inventories are +41.0% above their 5-year average as of March 15, the most in nearly eight years. Losses in...

April Nymex natural gas (NGJ24 ) on Thursday closed down by -0.016 (-0.94%). Nat-gas prices closed moderately lower on Thursday due to ample US supplies. Thursday's weekly EIA inventory report showed that US nat-gas inventories are abundant and +41.0% above their 5-year average as of March 15, the most in...

April Nymex natural gas (NGJ24 ) on Wednesday closed down by -0.045 (-2.58%). Nat-gas prices Wednesday posted moderate losses as US weather forecasts shifted warmer, potentially curbing heating demand for nat-gas. Maxar Technologies said Wednesday that forecasts have trended warmer for much of the eastern half of the US "with...

April Nymex natural gas (NGJ24 ) on Tuesday closed up by +0.041 (+2.41%). Nat-gas prices rallied Tuesday for a second day as US weather forecasts turn colder, boosting heating demand for nat-gas. The Commodity Weather Group on Monday said forecasts shifted cooler for the East Coast and the Midwest between...

April Nymex natural gas (NGJ24 ) on Monday closed up by +0.048 (+2.90%). Nat-gas prices rallied moderately on Monday, based on forecasts for colder US temperatures, which will boost heating demand for nat-gas. The Commodity Weather Group on Monday said forecasts shifted cooler for the East Coast and the Midwest...

April Nymex natural gas (NGJ24 ) on Friday closed down sharpy by -0.086 (-4.94%). Nat-gas prices Friday retreated on the prospects for warm early spring temperatures, which will curb heating demand for nat-gas and keep inventories elevated. Maxar Technologies on Friday said that forecasts have shifted warmer for much of...

Freeport stock is in the red this year, as metal and mining names have sat out the broader market rally so far in 2024. What's the outlook for FCX stock this year as copper prices sag amid ongoing troubles in China's real estate sector?

Despite the recent bounce back, Freeport-McMoRan stock is underperforming the markets in 2023. The cyclical stock does not look like a great buy for 2024, either - at least, not at these prices.