Freeport-McMoRan stock climbs as copper hits a fresh record — what to watch next for FCX
Freeport-McMoRan shares rose nearly 2% Wednesday after copper hit a record $13,407 a ton in London before retreating. The company’s quarterly earnings call is set for Jan. 22, with a dividend record date on Jan. 15. Traders are watching for signs that high copper prices may slow industrial demand. Southern Copper also touched a record high.