On July 7, Freeport-McMoRan fell 3.3% in regular trading, trading at $58.665/share, with turnover of $203 million.

On the news front, copper prices declined as investors maintained caution over US trade policy and the Federal Reserve's outlook. Analysts noted that while the global copper concentrate market remains tight — with spot treatment and refining charges falling further into negative territory reflecting intense competition among smelters for raw materials — macro uncertainty continues to limit upside. Three-month LME copper fell 0.3% to $13,364 per ton, weighing on mining equities broadly.

Within the Copper sector where Freeport-McMoRan belongs, stocks were broadly pressured. Among individual stocks, Southern Copper Corp down 3.35%, Ero Copper down 5.3%, TREKOR METALS down 5.09%. UBS recently raised its price target on Freeport-McMoRan to $77 from $75 while maintaining a Buy rating. The company's next earnings report is scheduled for July 23.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)