🟢 Freeport-McMoran is trading 4.4% up today as copper hits record high

Freeport-McMoran is trading 4.4% up now at $75.93 after copper reached a record $14,617 per ton on the London Metal Exchange.

• The rally reflects tightening supply-demand conditions, tariff concerns and strong demand expectations, including AI-related infrastructure.
• The move appears sector-driven, with Freeport-McMoran benefiting as a major copper producer and direct proxy for the metal.
• Copper rose 0.73% on September 8, while Bitcoin and Ethereum declined, making cryptocurrency sentiment an unlikely driver.