Freeport-McMoRan stock near $60 as copper AI demand and Indonesia risks collide ahead of earnings
NEW YORK, Jan 15, 2026, 15:00 (EST) — Regular session Freeport-McMoRan (FCX) shares were little changed at $60.34 in afternoon trade on Thursday, holding near a 52-week high after closing at $60.35 on Wednesday. The stock ranged from $58.73 to $60.60 so far in the session. (MarketWatch) Copper has been the driver, again, after Rio Tinto said it will supply copper for Amazon’s AI data centers. Copper on the London Metal Exchange has climbed above $13,000 a metric ton, about 40% higher than a year ago. Freeport, the top U.S. producer, has been expanding copper leaching — using solutions to