Freeport-McMoRan stock price surged 12% in a month due to rising copper prices

From Nasdaq: 2025-06-09 23:27:00

Freeport-McMoRan (NYSE: FCX) has seen a 12% increase in the past month, outperforming the S&P500 index. This surge is fueled by rising copper prices driven by global economic recovery and increased demand from sectors like construction and renewable energy. As a top copper producer, Freeport-McMoRan directly benefits from higher copper prices.

Despite a positive outlook for copper producers like Freeport-McMoRan due to the growing demand for copper in artificial intelligence and related technologies, the company reported a decrease in net income from $473 million to $352 million in Q1 2025. Freeport’s valuation relies on potential tariffs on copper imports to boost domestic production in the long term.

Freeport-McMoRan faced challenges in Q1 2025, with a decline in net income and revenue compared to the previous year. However, the company remains optimistic, reaffirming its full-year 2025 guidance with projections for copper, gold, and molybdenum sales. Freeport plans to improve net cash costs and focus on long-term growth through capital expenditures and sustainability initiatives.

Despite facing setbacks in Q1, Freeport-McMoRan exceeded expectations in copper sales, driven by strong U.S. operations and higher market premiums. The company remains committed to long-term growth with planned capital expenditures for 2025. Freeport has upside potential supported by rising copper prices, demand growth, and strong financial positioning, making it a leveraged play on the copper megatrend.



Read more at Nasdaq: Is Freeport Stock Overheating At $42?