Freeport-McMoRan

Freeport-McMoRan shares are up ~44% YTD to about $73, driven largely by a sharp rise in copper prices that has grouped major producers into a single commodity trade. Management sensitivity shows each $0.10/lb move in copper adds roughly $390 million in EBITDA, and a move toward $7/lb copper would, combined with the high-end 2027 EPS estimate and peer multiples, put FCX near $100. Key enablers are a sustained copper price, continued Grasberg production ramp and cost discipline, plus execution on buybacks, leach expansion and the Baghdad project; the next earnings report will test whether recent volume and cost improvements persist. » More on finance.yahoo.com

The IEA forecasts an additional demand of about 7 million tonnes of copper by 2040 and sees a supply gap through 2035. Barclays rates Freeport-McMoRan as a top pick in the metals and mining sector and gives a price target of $82. As the largest US copper producer with large deposits, Freeport stands to benefit and expects nearly 100% utilization of the Grasberg mine by the end of 2027. » More on finanzen.net

The stock of Freeport-McMoran Copper & Gold rose intraday by 7.5% to $76.72, marking a new 52-week high as the copper price keeps setting records. Drivers include a structural supply shortage, declining refining output in China, uncertainty over US import tariffs, and strong demand from AI data centers, electric vehicles and grid electrification. In addition, FCX beat analyst expectations in Q2 2026 for adjusted earnings and revenue, which reinforced the price move. » More on de.investing.com