Freeport-McMoRan

FCX 62.8USD ▲ +1.31% 30d · Jun 25

Grasberg mudflow kills seven and forces Freeport to cut 2026 copper guidance by 300 million pounds; the $2bn smelter advances despite reduced feed

A September 2025 ore pass mud rush placed the block cave under force majeure; Freeport revised full-year copper to 3.1bn pounds and gold to 650,000 oz; Morgan Stanley downgraded on recovery uncertainty

What Broke ·5 takes ·Jun 26