Freeport-McMoran is trading at $65.70, down 4.64%, as copper weakened alongside other industrial metals.
- Bloomberg reported copper fell as much as 0.7% to $14,260 a ton amid a technology-stock selloff that weakened global risk appetite.
- Broader market weakness and renewed Middle East tensions added to the risk-off backdrop; higher oil prices reflected geopolitical concerns.
- No clear company-specific catalyst was identified; third-quarter earnings are scheduled for October 27.