🟢 Freeport-McMoran is trading 4.14% up in pre-market as copper hits record highs

Freeport-McMoran is trading at $75.74 in pre-market, up +4.14%, driven by record copper prices.

• Copper reached a record $14,617 per ton on the London Metal Exchange, supported by supply-demand imbalances and potential U.S. tariffs.
• Freeport-McMoran is benefiting as a leading copper producer and proxy, with optimism around Grasberg’s operational recovery and production ramp-up.
• Bitcoin and Ethereum are both lower, while mixed broader-market conditions leave copper-sector momentum as the clearest catalyst.