Freeport-McMoRan Inc

FCX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Base Metals Miners: Copper Bullishness Sees Little Value on Offer as We Update our Assumed Prices

Jon Mills

Jul 14, 2026

The copper price is broadly unchanged on last quarter, trading around USD 6 per pound, near historical highs. The iron ore price continues to trade in a narrow range and at around USD 100 per metric ton is also flat as Chinese imports remain strong despite falling steel production.

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Freeport-McMoRan Inc

Base Metals Miners: Copper Bullishness Sees Little Value on Offer as We Update our Assumed Prices

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