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Copper miners shine as the full impact of the Freeport-McMoran mine disaster becomes clear
I wrote about the Indonesian copper mine disaster yesterday and outlined how it was a potential game-changer in the industrial metals space. It took the market some time to figure out the impacts but ultimately led to a crushing decline in Freeport-McMoran shares (FCX) and a jump in other miners due to the reduced supply. Shares of Freeport fell nearly 20% yesterday and are down another 4.5% today while other miners climbed strongly yesterday. It comes after Freeport detailed at 800,000 tonne mudslide at the second-largest copper mine in the world. Most of the mine is currently shut down and the company said that ... (full story)
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- Sep 25, 2025 10:09am Posted byFundamental Analysis274
