The Latest Breaking News from FreeportMcMoRan

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.

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.

Selling the July 55-strike call option generates an income of 4.68% in just under two months, equaling around 32.88% annualized.

The excitement around copper demand has made this stock an attractive investment choice for investors now.

Freeport-McMoRan stock performance outshines many of its peers and the broader market this year, and Wall Street analysts see a modest upside in the stock.

Copper prices hit a record high Wednesday.

It's been a rough month for most S&P 500 stocks. But some are absolutely thriving.