Freeport-McMoRan (NYSE:FCX) shares rose 3% Monday to close at $50.64 per share, putting them just 8% below the May 2024 high of $54.86 and about 16% shy of the company’s all-time high just above $59 per share that it hit back in 2008.
With copper prices surging to their own all-time high of around $12,000 per ton on the London Metal Exchange (LME) — fueled by market disruptions from President Trump’s tariff threats and strong demand from electrification and artificial intelligence (AI) infrastructure — is there still room for investors to capitalize on Freeport’s momentum?
This post originally appeared at 24/7 Wall St.