Ultime notizie per Freeport-McMoRan (NYSE:FCX) Azioni

FREEPORT-MCMORAN INC

Freeport-McMoRan

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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Approfondimento sulle opportunità nel settore dei materiali con due titoli che mostrano segnali di crescita significativa.

2 azioni del settore dei materiali che potrebbero decollare questo mese

Freeport-McMoRan Inc

First Capital REIT

WIIM

SCCO

Shares of metals stocks are trading higher as stocks rebound amid overall market volatility as investors assess this week's tariff developments.

Financial giants have made a conspicuous bearish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) revealed 31 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 51% showed bearish tendencies. Out of all the trades we spotted, 18 were puts, with a value of $1,203,744, and 13 were calls, valued at $836,266.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $43.0 for Freeport-McMoRan, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Freeport-McMoRan's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Freeport-McMoRan's substantial trades, within a strike price spectrum from $20.0 to $43.0 over the preceding 30 days.
<h3>Freeport-McMoRan Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744390840_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$2.83</td>
<td>$2.82</td>
<td>$2.83</td>
<td>$30.00</td>
<td>$189.3K</td>
<td>1.2K</td>
<td>1.3K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.3</td>
<td>$33.00</td>
<td>$158.4K</td>
<td>172</td>
<td>489</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.46</td>
<td>$0.44</td>
<td>$0.44</td>
<td>$35.50</td>
<td>$154.6K</td>
<td>222</td>
<td>3.8K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$35.00</td>
<td>$122.4K</td>
<td>11.1K</td>
<td>527</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$2.96</td>
<td>$2.76</td>
<td>$2.83</td>
<td>$30.00</td>
<td>$102.1K</td>
<td>1.2K</td>
<td>3.3K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>With a trading volume of 12,778,388, the price of FCX is up by 5.95%, reaching $33.22.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>What The Experts Say On Freeport-McMoRan</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $46.25.
Turn $1000 into $1270 in just 20 days?
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&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $40. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Freeport-McMoRan, targeting a price of $42. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $51. 
&#x2A; An analyst from JP Morgan upgraded its action to Overweight with a price target of $52. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Spotlight on Freeport-McMoRan: Analyzing the Surge in Options Activity

CENX

CSTM

STLD

Shares of metals stocks are trading lower, pulling back after surging Wednesday following President Trump's tariff pause announcement. The sector has been volatile amid trade war concerns.

JP Morgan analyst Bill Peterson maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Overweight and lowers the price target from $52 to $42.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Freeport-McMoRan, Lowers Price Target to $42

Shares of metals companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Benzinga's options scanner has just identified more than 15 option transactions on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), with a cumulative value of $532,991. Concurrently, our algorithms picked up 8 puts, worth a total of 366,621.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $29.0 to $37.0 for Freeport-McMoRan over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale trades within a strike price range from $29.0 to $37.0 in the last 30 days. 
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744218259_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$35.00</td>
<td>$380.3K</td>
<td>4.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$5.8</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$29.00</td>
<td>$116.3K</td>
<td>27</td>
<td>206</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$4.6</td>
<td>$4.45</td>
<td>$4.45</td>
<td>$29.00</td>
<td>$115.7K</td>
<td>0</td>
<td>260</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$6.5</td>
<td>$6.45</td>
<td>$6.45</td>
<td>$35.00</td>
<td>$78.0K</td>
<td>6.8K</td>
<td>143</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.31</td>
<td>$0.22</td>
<td>$0.32</td>
<td>$35.00</td>
<td>$40.0K</td>
<td>12.0K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>With a trading volume of 12,732,229, the price of FCX is up by 1.44%, reaching $29.63.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 15 days from now.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $47.67.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $52. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $51. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $40. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Freeport-McMoRan's Options Frenzy: What You Need to Know

Copper experienced one of the <a target="_blank" href="https://www.benzinga.com/25/04/44663034/asia-in-freefall-hang-seng-posts-worst-drop-since-1997-europe-market-tumbles-oil-slips-gold-eases-global-markets-today-while-us-slept" rel="noreferrer noopener">most volatile trading days</a> in over 15 years, tumbling as much as 7.7% at the start of Monday's trading session in London.
Three-month contracts slid to $8,780 a ton as investors scrambled to reduce exposure—before staging a nearly $1,000 rebound in just over two hours—marking the largest intraday price swing since 2009.
"Metals are under significant pressure from dampened sentiment as the world braces for a possible recession and heightened geopolitical tensions that would threaten demand," Sabrin Chowdhury, head of commodities at BMI, said <a target="_blank" href="https://www.bnnbloomberg.ca/tariffs/2025/04/06/gold-falls-further-at-open-as-traders-assess-tariff-turmoil/" rel="noreferrer noopener">per</a> Bloomberg.
Copper's volatility recently surged as President Donald Trump's tariff threat hit both sides of the spectrum. The market rallied sharply in anticipation as the threat of copper being added to the list of targeted metals <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44498083/trumps-copper-tariffs-might-come-sooner-rather-than-later-insiders-warn" rel="noreferrer noopener">loomed in March</a>.
Traders raced to reroute shipments to the U.S., capitalizing on a premium in New York prices – even yesterday's selloff saw New York prices hovering much higher, around $10,000 per ton.
However, a possible recession quenched speculators' short-term thirst, as copper exceeded the broad sector decline before buyers stepped in to reverse the course. For Codelco chairman Maximo Pacheco, the logic behind the dip buying is obvious.
The fundamentals haven't changed at all," he <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-07/codelco-boss-keeps-faith-in-copper-fundamentals-amid-market-rout" rel="noreferrer noopener">said</a>, citing sustained Chinese interest and a resilient U.S. market. China has been a notable copper buyer in times of price crunches, stepping in to recover the market in 2008 and 2020.
Codelco, the world's top copper supplier, plans to invest up to $5.6 billion in 2025 to rejuvenate aging mines and restore output to pre-2020 levels. The Chilean state-owned giant is also expanding into lithium, aiming to finalize a <a target="_blank" href="https://www.benzinga.com/news/guidance/25/01/42840568/chiles-codelco-targets-turnaround-with-modest-copper-output-increase-and-strategic-lithium-ventures" rel="noreferrer noopener">key deal with </a><a target="_blank" href="https://www.benzinga.com/news/guidance/25/01/42840568/chiles-codelco-targets-turnaround-with-modest-copper-output-increase-and-strategic-lithium-ventures" rel="noreferrer noopener">SQM</a><a target="_blank" href="https://www.benzinga.com/news/guidance/25/01/42840568/chiles-codelco-targets-turnaround-with-modest-copper-output-increase-and-strategic-lithium-ventures" rel="noreferrer noopener"> by Q3</a>.
The tariff uncertainty dominated discussions at this week's CESCO conference in Santiago, where Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) CEO Kathleen Quirk warned that trade wars could "cause people to not invest, to not buy, to change their patterns and affect demand."
Last month, Quirk noted that tariffs could boost her company's <a target="_blank" href="https://www.benzinga.com/25/03/44271394/goldman-sees-copper-imports-frontrunning-tariffs-as-fcx-positions-to-benefit" rel="noreferrer noopener">annual profits by $500 million</a>, but she's well aware that the long-term industry outlook stretches beyond the short-term profit.
"All of us will rely on a market that will be growing in demand and not subject to these big recessions that we've seen over time," she said, according <a target="_blank" href="https://www.reuters.com/markets/commodities/freeport-mcmoran-ceo-flags-concern-over-global-growth-amid-us-tariffs-2025-04-07/" rel="noreferrer noopener">to</a> Reuters, recalling the effects of the Great Recession.
Read Next:
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<li><a href="https://www.benzinga.com/news/management/25/04/44663078/barrick-gold-proposes-name-change-targets-30-production-growth-by-2030" target="_blank" rel="noreferrer noopener">Barrick Gold Proposes Name Change, Targets 30% Production Growth By 2030</a></li>
</ul>
Photo via Shutterstock

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Copper's Rout Sees A Massive Intraday Price Swing, 'Fundamentals Haven't Changed,' Expert Says

Last week, shares across several sectors, mainly technology, fell as investors reacted to macro and supply chain uncertainty amid President Trump&#8217;s sweeping Liberation Day tariffs and retaliatory responses from major trading nations. The S&amp;P 500 index fell about 9.1%.
These large-cap stocks were the worst performers. Are they in your portfolio?
<ol>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares dipped 26.81%.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares dived 25.63%.</li>
<li>Mizuho Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) stock declined 25.18%.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) stock was down 24.82%. UBS initiated coverage of the company with a Buy rating and <a href="https://www.benzinga.com/quote/vg/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a price forecast of $14</a>.</li>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) shares plummeted 24.82%.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) stock fell 24.37%</li>
<li>Freeport-McMoRan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) shares decreased 24.13%</li>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) stock tumbled 22.98%.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock fell 22.62%. Stride Bank announced a payments program partnership with the company, through which it will become a new card <a href="https://www.benzinga.com//node/44586154" target="_blank" rel="noreferrer noopener">issuing partner for the Affirm CardTM</a>.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares were down 22.39%.</li>
</ol>
Image via Shutterstock

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Shares of companies within the broader materials sector are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Raymond James analyst Brian MacArthur maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Outperform and raises the price target from $49 to $51.

Raymond James Maintains Outperform on Freeport-McMoRan, Raises Price Target to $51

Shares of companies within the broader materials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Freeport-McMoRan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) short percent of float has fallen 4.4% since its last report. The company recently reported that it has 24.93 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Freeport-McMoRan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743687925_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Freeport-McMoRan has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Freeport-McMoRan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Freeport-McMoRan's peer group average for short interest as a percentage of float is 4.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Freeport-McMoRan's Recent Short Interest

Often as we go through life we find the need for mum to be the word.
In 1967 a young Dusitn Hoffman was told in no uncertain terms that Plastics was the word.
According to the 1976 movie Grease was the word.
Today the word is tariff.
Wall Street and old Washington has gotten far more of this word than they expected or wanted since Donald Trump came into office.
Apparently, they thought then candidate Trump was kidding when he talked at length about his plans to use aggressive tariffs to reshape global trade policies bringing in revenue.
I am not a fan of tariffs and can find little historical evidence to suggest that this is a great idea, but I had little doubt that once elected President Trump would follow through on his strategy.
This has created a new equation for Wall Street to follow.
Tariffs announced=Risk off,
Tariffs delayed=Risk On.
One of the administrations' most recent tariff announcement has the potential to create an enormous amount of wealth for investors willing to buy in as&nbsp; stocks impacted by the new fees.
President Trump recently announced plans to impose 25% tariffs on copper imports.
Copper miners have sold off slightly, but I expect this to accelerate as the new taxes are actually implemented in the weeks ahead.
A steeper downturn will be a massive buying opportunity.
Copper is a backbone of the world we live in and has a wide range of uses.
Copper demand is not just growing – it is accelerating from multiple directions simultaneously. The traditional drivers remain intact: construction, manufacturing, and infrastructure in emerging markets like India and Southeast Asia continue to consume massive quantities. But what is really changing the game is the convergence of three unstoppable trends:
<ol start="1">
<li>The Energy Transition: EVs use 2.5-4x more copper than regular cars. Wind turbines? Packed with copper. Solar farms? Same story. Grid upgrades to handle all this new capacity? You guessed it – copper everywhere.</li>
<li>Data Infrastructure: The explosion of AI, data centers, and 5G is creating another copper-hungry monster that few analysts are properly accounting for.</li>
<li>Supply Constraints: Meanwhile, the world&#8217;s biggest copper mines in Chile and Peru are aging, facing lower ore grades, water shortages, and labor disputes. Getting new mines online takes 7-10 years even when everything goes right – which it rarely does.</li>
</ol>
According to multiple industry analyses, we are looking at potential copper deficits by the late 2020s that could hit 5-8 million tonnes annually by 2035. For perspective, the entire global copper market today is only about twenty-six million tons.
This is not just another commodity cycle. It is a structural shift that has copper being called &#8220;the new oil&#8221; for good reason.
Here are the three stocks that have the potential to deliver massive gains for patient aggressive investors :
Freeport-McMoRan (Ticker: FCX) The undisputed king of publicly traded copper producers. FCX boasts a globally diversified portfolio anchored by the legendary Grasberg mine in Indonesia – one of the highest-grade, lowest-cost operations on the planet.
What makes Freeport compelling:
<ul>
<li>Scale and resource depth unmatched among Western miners</li>
<li>Dramatically improved balance sheet with minimal debt</li>
<li>Strategic U.S. assets gaining importance as domestic supply becomes a national security concern</li>
<li>Cash flow machine with both base and variable dividends</li>
</ul>
The underground expansion at Grasberg is a multi-decade growth engine that should deliver high-grade copper at remarkably low costs. Management has shown admirable discipline, focusing on optimizing existing assets rather than splashy, overpriced acquisitions.
Southern Copper (Ticker: SCCO) If you are looking for pure copper leverage with massive reserves, Southern Copper is your play. With over seventy million tons of proven and probable reserves, SCCO has the longest mine life among major copper producers – we are talking decades of production visibility.
The Grupo México-controlled miner operates primarily in Peru and Mexico, with a fully integrated model spanning mining, smelting, and refining. Its growth pipeline could potentially increase production from around 950,000 tons to 1.5 million tons by 2030.
The company&#8217;s cost position is stellar, with copper cash costs typically below $1.00/lb. net of byproducts. This supports EBITDA margins that frequently exceed 50% – exceptional for a mining operation.
The main risk? Political and social license challenges in Peru, where the flagship Tía María project has been delayed for over a decade due to local opposition.
Lundin Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/LUN#TSX">LUN</a>, OTC:<a class="ticker" href="https://www.benzinga.com/stock/LUNMF#OTC">LUNMF</a>) For those seeking a mid-tier option with solid upside, Lundin Mining deserves attention. This copper-focused diversified miner offers leverage to copper prices without the extreme market cap of the majors.
Lundin&#8217;s portfolio includes:
<ul>
<li>Candelaria (Chile): A flagship copper-gold mine producing steady cash flow</li>
<li>Chapada (Brazil): A copper-gold operation with expansion potential</li>
<li>Zinkgruvan (Sweden): A long-life zinc-lead-silver mine that adds diversification</li>
<li>Josemaria Project (Argentina): A major copper-gold development that could boost copper output by 30-40%</li>
</ul>
The Lundin family&#8217;s long-term presence ensures alignment with shareholder interests, and the company has a proven track record of value-accretive acquisitions. Its balance sheet remains in good shape, with moderate debt levels and strong cash generation.
The Big Picture Make no mistake: the copper market is not just facing a typical cyclical upturn. The combination of accelerating demand from electrification, green energy, and data infrastructure, coupled with chronic underinvestment in new supply, points to a potential shortage that could make the 2000s commodity supercycle look tame by comparison.
S&amp;P Global has called the coming copper shortage &#8220;unprecedented,&#8221; warning that without significant investments now, the world could face chronic undersupply just as clean energy and digital infrastructure deployment peaks.
Tariffs may hurt profit margins and stock prices in the short run but will not slow demand or magically create new supply.
Buying copper on down days or selling cash secured puts to back into the stocks (the ones that are optional) should be a winning strategy for investors willing to embrace volatility driven by the current word of the day.

Opinion

LUNMF

TSX:LUN

Under the Radar: Navigating the Copper Crunch Amidst Tariff Turbulence

FCX currently expects its consolidated copper sales for first-quarter 2025 to be in line with its January 2025 guidance of 850 million pounds and its gold sales for first quarter 2025 to be approximately 100 thousand ounces below its January 2025 guidance of 225 thousand ounces.
FCX is reviewing its annual consolidated sales guidance in connection with its routine quarterly forecast updates and does not currently expect a material change to its 2025 annual guidance.
 &nbsp;
 &nbsp;

Guidance

Freeport Says Q1 Copper And Gold Production Approximated Expectations; Expects No Material Impact On Annual Consolidated Sales Guidance

President Donald Trump's fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in <a href="https://www.benzinga.com/topic/metals">steel, aluminum, and copper</a>. 
While domestic production incentives should help Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) and Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) in the long run, rising costs and inflationary pressures could stifle demand.
JPMorgan's U.S. Auto team expects vehicle prices to climb another 5%, with core PCE inflation now forecasted at 3.1% this year. The hit to real consumer spending has also led JPMorgan's economists to trim GDP growth estimates to 1.3% for 2024.
<h2 class="wp-block-heading">Copper Tariff Chatter Heats Up</h2>
The tariff storm doesn't stop with autos. Reports indicate Trump is eyeing a 25% tariff on U.S. copper imports, possibly rolling out within weeks—well ahead of the November deadline. 
This coincides with Glencore PLC's (OTCPK:GLNCY) force majeure at its Altnorte refinery in Chile, a major supplier to the US. Copper miner Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is positioned to benefit, with COMEX copper trading at a 15% premium to LME. 
JPMorgan recently upgraded FCX to Overweight, seeing a 15% upside to its FY25 EBITDA, citing its defensive balance sheet and capex flexibility.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/03/44476803/copper-breaks-records-on-china-stimulus-tariff-hype-these-stocks-are-riding-the-wave">Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave</a>
<h2 class="wp-block-heading">Short Sellers Smell Blood</h2>
Uncertainty has drawn in short sellers. Cleveland-Cliffs's short interest has spiked to a one-year high of 12.1%, while Carpenter Technology Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) saw a rise to 7.5%. With ‘Liberation Day' on Wednesday expected to bring another tariff barrage, volatility looms large.
However, JPMorgan remains bullish on select metals stocks, reaffirming its Overweight rating on FCX. As Peterson puts it, "FCX as a value/defensive play relative to growth-focused peers given its tenured management team, clean balance sheet, and capex optionality."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44498083/trumps-copper-tariffs-might-come-sooner-rather-than-later-insiders-warn">Trump&#8217;s Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn</a></li>
</ul>
Photo: Shutterstock/Eric Glenn

Analyst Color

GLNCY

Tariff Turmoil: Cleveland-Cliffs, Constellium, Freeport-McMoRan Caught In The Crossfire, Says Analyst

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has outperformed the market over the past 5 years by 25.78% on an annualized basis producing an average annual return of 42.7%. Currently, Freeport-McMoRan has a market capitalization of $57.40 billion. 
Buying $1000 In FCX: If an investor had bought $1000 of FCX stock 5 years ago, it would be worth $6,400.64 today based on a price of $39.94 for FCX at the time of writing.
<h3>Freeport-McMoRan's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743171308_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

U.S. tariffs on copper imports could arrive within weeks. In February, President Donald Trump directed the U.S. Commerce Department to<a href="https://www.benzinga.com/25/03/44414283/copper-surges-as-arbitrage-opportunity-drives-us-imports"> conduct an investigation</a>, giving this executive department a nine-month deadline.
Per a Bloomberg<a href="https://www.bloomberg.com/news/articles/2025-03-26/trump-may-implement-copper-import-tariffs-within-weeks"> report</a>, the investigation is seen as "little more than a formality.&#8221; An announcement is likely to come well ahead of the November deadline.
The proposed tariffs, which could reach as high as 25%, would shift the global copper market. The US is a major copper consumer, needing between 1.7 and 1.9 million metric tons annually. Yet, it produces less than half of that, relying on Chile, Canada, and Peru for 90% of its imports.
Rising copper costs would boost domestic producers like Freeport McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>). They could also be a catalyst for resolving the standstill in Arizona. Recall how Native American opposition stalled Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and BHP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) Resolution Copper mine located in the southern part of the Tonto National Forest—a $64 billion flagship project that could supply 25% of projected future domestic copper demand.
The looming tariffs have triggered a surge in U.S. copper imports, as traders rush to front-run potential duties. According <a href="https://www.reuters.com/markets/commodities/us-copper-imports-soar-500000-tons-amid-tariff-threats-says-bloomberg-2025-03-24/">to</a> Mercuria, around 500,000 metric tons of copper are en route to the U.S. That far exceeds the usual monthly average of 70,000 tons, Reuters noted.
This situation has driven up prices on New York's COMEX exchange, where copper trades at a record $1,400 premium over the London Metal Exchange (LME) benchmark. Unforeseen circumstances further tightened the supply, as Glencore paused its major Chilean copper smelter after experiencing furnace issues.
Investment banks and commodity traders expect further price increases if tariffs are imposed. Goldman Sachs and Citigroup have both forecast that a 25% duty could be in place<a href="https://www.benzinga.com/news/guidance/25/03/44271394/goldman-sachs-sees-copper-imports-increasing-tariffs-as-fcx-positions-to-benefit"> by year-end</a>, while Trafigura has projected that copper prices could climb to $12,000 per ton from the current level of around $10,000, as reported<a href="https://www.ft.com/content/e4f4a52c-9449-4b2a-887d-540e37f7b9bc"> by</a> The Financial Times.
Trump, however, has remained vague on the timing of the tariff announcement. On March 5, he mistakenly implied that copper tariffs were already in effect, saying, "I imposed a 25% tariff on foreign aluminum, steel, lumber, and copper."
Besides this slip, he remained vague about potential tariff exceptions ahead of the April 2 announcement, touted as a "Liberation Day" for US trade policy. First, he took a strict tone against tariff exceptions, before softening the stance in a Tuesday interview for Newsmax,
"I'll probably be more lenient than reciprocal because if I was reciprocal, that would be very tough for people," he said, according<a href="https://www.cnbc.com/2025/03/26/trump-says-tariffs-coming-in-april-will-probably-be-more-lenient-than-reciprocal.html"> to</a> CNBC.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44490949/gold-ma-deals-are-accelerating-but-average-deals-are-smaller-research-shows">Gold M&amp;A Deals Are Accelerating, But Average Deals Are Smaller, Research Shows</a></li>
</ul>
Image: Shutterstock

Government

Regulations

Legal

Trump's Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn

Wall Street&#8217;s recovery from its recent technical correction paused for a breather on Tuesday, as investors awaited more clarity on tariff developments and digested a <a href="https://www.benzinga.com/government/regulations/25/03/44475192/consumer-confidence-falls-to-lowest-since-2022-as-inflation-tariff-worries-grow">downbeat consumer confidence report.</a>
The Conference Board's Consumer Confidence Index dropped to 92.9 in March, <a href="https://www.benzinga.com/government/regulations/25/03/44475192/consumer-confidence-falls-to-lowest-since-2022-as-inflation-tariff-worries-grow">its lowest reading since late 2022</a>. The Expectations Index plunged to 65.2 — a level not seen since 2013 — reflecting growing pessimism. The report cited rising prices, especially for eggs and tariff-affected goods, as key concerns. Inflation expectations also climbed, from 5.8% in February to 6.2% in March.
The S&amp;P 500 and Dow were flat on the day, while the Nasdaq 100 edged slightly higher, supported by gains in cybersecurity stocks.
Copper took center stage, jumping over 2% to hit new record highs. Demand is surging in both China and the U.S., fueled by<a href="https://www.benzinga.com/government/regulations/25/03/44476803/copper-breaks-records-on-china-stimulus-tariff-hype-these-stocks-are-riding-the-wave"> policy stimulus and tariff-related shifts.</a>
Shares of Freeport McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), the largest U.S. copper miner, rose 3.3%, extending gains in 10 of the last 11 sessions. The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) climbed 2% to a three-month high.
Elsewhere, market moves were subdued. Gold gained 0.5%, silver advanced 1.8% and oil dipped 0.4% after Monday's 1.2% jump driven by Venezuelan sanctions.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posted a modest 0.4% gain.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,256.36</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,619.75</td>
<td>0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,770.02</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,101.68</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $575.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) flattened at $425.79.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.4% to $492.89.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.2% to $208.51</li>
<li>The&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.2%; the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)&nbsp;lagged, down 1.7%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) climbed 4% after BTIG analyst Gray Powell upgraded the stock to Buy, setting a price target of $431. The analyst cited expectations of robust revenue growth heading into fiscal 2027. Cybersecurity peer Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) also rose 2.5%.</li>
<li>Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) rose 2.2% after receiving a double upgrade to Buy from Bank of America Securities, with a price target raised to $160.</li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) tumbled 4.6%, hitting early-February lows despite a lack of headlines.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) rose 2.1% after Goldman Sachs raised the stock price target from $29 to $31. </li>
<li>Gamestop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is slated to<a href="https://www.benzinga.com/general/gaming/25/03/44466706/gamestop-q4-earnings-preview-will-video-game-retailer-unveil-bitcoin-purchase"> report earnings after the close</a>.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44473410/trumps-tariff-rates-could-be-double-what-market-participants-expect-goldman-sachs-warns">Trump&#8217;s Tariff Rates Could Be &#8216;Double What Market Participants Expect,&#8217; Goldman Sachs Warns</a></li>
</ul>
Photo: Mer_Studio via Shutterstock

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Tech

ETFs

$BTC

CRWD

SPDR Dow Jones Industrial Average ETF Trust

Wall Street Pauses For A Breather, Miners Rally As Copper Notches All-Time Highs: What's Driving Markets Tuesday?

Copper just blew past record highs, dismissing recent recession fears as stimulus optimism in China and potential U.S. tariffs spark a rush <a href="https://www.benzinga.com/markets/commodities">into the red metal.</a>
Copper futures traded at the New York Mercantile Exchange rallied 1.6% to $5.17 per pound on Tuesday, notching historical records. 
<h1 class="wp-block-heading">What's Fueling Copper's Relentless Climb?</h1>
Often dubbed &#8220;Dr. Copper&#8221; for its reputation as a proxy for global industrial health, the metal has surged as traders bet on a brighter economic outlook in China and react to tariff risks.
"Tariff threats, tightening supply, and stimulus-fueled optimism for an economic rebound in China have underpinned a rally in copper," said Adam Turnquist, chief technical strategist for LPL Financial. 
&#8220;Beijing's pro-growth agenda is beginning to show up in the economic data, evidenced by recent better-than-expected retail sales, industrial output, and fixed-asset investment,&#8221; he added.
Turnquist indicated markets are already "front-running" the potential copper tariff ordered under former President Donald Trump's direction, even though an official recommendation isn't expected until later this year.
Bloomberg data shows that between 100,000 and 150,000 metric tons of copper are en route to the U.S., the highest inbound volume on record. That flood of demand has pushed the COMEX copper premium over LME copper to its highest point ever, indicating intense physical buying interest in the U.S. market.
David&nbsp;Goldman, head of trading at Novion Global, also pointed to dollar weakness as a factor boosting copper prices. 
&#8220;Whilst LME&nbsp;copper&nbsp;is up around 14% from the start of the year, COMEX prices have seen a 27% jump, prompting traders and producers to move supplies to the US,&#8221; he said.
&#8220;The price squeeze is also being replicated on the Shanghai Futures Exchange, where the front month spread is trading at levels not seen since December 2023.&#8221;
<h1 class="wp-block-heading">China&#8217;s Recovery and Strategic Buying Add Fuel to the Fire</h1>
Adding further momentum is a shift in tone out of Beijing. Goldman Sachs analyst Daan Struyven said, "China sentiment has turned notably more positive" thanks to the government's focus on boosting household consumption, lower-than-expected U.S. tariffs and a surge of investor excitement around artificial intelligence.
Importantly, Struyven flagged reports that China's State Reserve Bureau plans to replenish copper stockpiles in 2025. While not purely opportunistic, this buying could cushion any price-sensitive demand drop in China. 
"We remain structurally bullish," said Struyven, who sees the LME's ongoing tightening and strong electrification trends driving prices higher in the months ahead.
<h1 class="wp-block-heading">Copper Chart Breaks Out — And So Do The Stocks</h1>
The price move has also broken a key technical level. 
According to LPL Financial's Turnquist, copper futures have surged past the highs of 2021–2022, completing a "head and shoulders" bottom pattern that hints at more upside ahead. 
Speculative flows are also favoring the bulls. Hedge funds and other large speculators have largely unwound their short positions, while long bets have picked up in recent months, supporting the momentum.
That enthusiasm has spilled into equity markets. Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), one of the world's largest copper producers, has climbed 13% in March, on track for its best monthly performance in a year. Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) is also up 12% over the same period, riding the wave of investor optimism.
Traders looking for broad copper exposure may consider the Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>), which has historically showed strong rallies April. Over the past 15 years, the ETF has gained an average of 4.5% during the month — its strongest seasonal trend of the year.
Read Next: •<a href="https://www.benzinga.com/government/regulations/25/03/44463509/ukraines-recovery-depends-on-sustainable-investment-experts-call-for-trilateral-minerals-deal"> &#8216;Ukraine&#8217;s Recovery Depends On Sustainable Investment,&#8217; Experts Call For Trilateral Minerals Deal</a>
Photo: Shutterstock

Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave

Investors with a lot of money to spend have taken a bullish stance on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FCX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 48 uncommon options trades for Freeport-McMoRan.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 35%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $860,398, and 36 are calls, for a total amount of $3,926,932.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $55.0 for Freeport-McMoRan over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Freeport-McMoRan stands at 11157.0, with a total volume reaching 337,160.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $33.0 to $55.0, throughout the last 30 days.
<h3>Freeport-McMoRan Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742841050_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$0.55</td>
<td>$0.53</td>
<td>$0.6</td>
<td>$50.00</td>
<td>$1.3M</td>
<td>87.2K</td>
<td>52.3K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$1.27</td>
<td>$1.22</td>
<td>$1.22</td>
<td>$46.00</td>
<td>$298.1K</td>
<td>1.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$0.96</td>
<td>$0.81</td>
<td>$0.83</td>
<td>$50.00</td>
<td>$215.5K</td>
<td>13.2K</td>
<td>2.6K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$40.00</td>
<td>$189.7K</td>
<td>3.1K</td>
<td>385</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$1.2</td>
<td>$1.16</td>
<td>$1.16</td>
<td>$39.00</td>
<td>$173.9K</td>
<td>4.4K</td>
<td>2.1K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>Trading volume stands at 11,697,337, with FCX's price up by 3.88%, positioned at $41.81.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
<h3>Professional Analyst Ratings for Freeport-McMoRan</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $49.0.
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Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment

Press Releases

Top 10 Most Transparent Companies Revealed in 2024 U.S. Transparency Awards by Labrador

Freeport Declares Quarterly Cash Dividends on Common Stock

Freeport Third-Quarter and Nine-Month 2024 Financial and Operating Results Release Available on Its Website

NevGold Receives Positive Record of Decision on its Plan of Operations Permit at the Limousine Butte Project, Nevada, and Announces Senior Management Changes

Freeport Fourth-Quarter and Year Ended 2024 Financial and Operating Results Release Available on Its Website

Skeena Gold & Silver Announces Investment into TDG Gold Corp

AI-Powered Market Forecasting: A Game Changer for Critical Minerals?

Freeport Provides First-Quarter 2025 Operational Update

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