Freeport-McMoran is trading at $68.05 after copper’s tariff-linked premium continued unwinding, with a -5.04% change.
- The White House reportedly stalled refined-copper tariff plans amid concerns about higher manufacturing costs, reversing the scarcity trade that had lifted copper and U.S. producers.
- Broader markets are also weaker, but the copper-sector reversal appears to be the primary driver.