FCX stock fell as the company trimmed its sales outlook and the copper price slipped amid global growth worries due to the U.S.-Iran conflict.
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FCX Stock Falls Amid Soft Q3 Outlook As Copper Price Slips
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10:32 AM ET 07/23/2026
Copper mining giant Freeport-McMoRan (FCX) handily beat Q2 earnings forecasts but slightly trimmed its outlook for copper sales this year, with a significant shortfall in Q3. Still, the copper price fell as the U.S.-Iran war stoked growth concerns. FCX stock and the United States Copper Index Fund ETF (CPER) that tracks the copper price both saw recent momentum reverse as…
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