Freeport-McMoRan (FCX) Stock Surges as Copper Tests Fresh Records: Latest News, Analyst Forecasts, and What to Watch Next
Freeport-McMoRan shares rose 2%–3% to about $53 in midday New York trading Friday, nearing yearly highs as copper prices approached record levels. Copper traded near $11,952 per ton, up roughly 35% in 2025, driven by tight supply and demand from electrification and AI-linked infrastructure. U.S. markets saw thin, post-holiday trading with major indexes near record highs.