The Latest Breaking News from FreeportMcMoRan

Freeport-McMoRan is scheduled to report its first-quarter results later this month, and analysts expect a double-digit earnings drop.

Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal

Freeport-McMoRan is all set to release its third-quarter earnings this month, and analysts expect a single-digit profit increase.

Freeport-McMoRan is a top copper miner that stands out as a good buy in the current market, driven by rising copper demand fueled by China's economic stimulus and growing use in emerging technologies such as electric vehicles and renewable energy.

Freeport-McMoRan is lucky to own a big chunk of Grasberg - the world's largest gold mine, as well as a huge copper mine. That's good news with the copper market, in a few years, hitting major structural supply shortfalls that will linger for a decade or more.

As Freeport-McMoRan gears up to unveil its second-quarter earnings this month, analysts are anticipating a solid double-digit bottom-line boost.

Copper prices are in a correction zone after peaking in May. Freeport-McMoRan is one mining stock that stands to benefit from a recovery in copper prices.

Although Freeport-McMoRan has been outperforming the S&P 500 recently, analysts remain cautiously optimistic about the stock’s prospects.

The green energy transition is driving surging demand for copper. This presents compelling investment opportunities in leading copper producers like Freeport-McMoRan and Teck Resources, which look well-positioned to capitalize on the projected supply shortages and robust copper prices.