Archived explainer. For the current picture see today's FCX page.
Why Is FREEPORT-MCMORAN INC (FCX) Stock Down Today?
By the Top Tier Newswire AI Desk · September 10, 2026 at 9:39 AM ET · reviewed against 4 wire stories
FREEPORT-MCMORAN INC (FCX) is down -9.16% in the latest session. Our newswire has captured 4 stories on FCX across 4 sources in the last 36 hours, with AI sentiment reading mixed (avg 53/100).
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Why FCX stock is down today
Freeport-McMoRan stock fell 9.16% to $69.25 in the session, driven by a reported delay in the White House’s decision on refined copper tariffs. The stock opened with a 6.9% gap down from the prior close and continued to decline throughout the morning. The move comes amid heightened uncertainty for copper producers, with the market reacting to the potential for delayed policy action that had previously been anticipated.
What Happened
The decline in Freeport-McMoRan shares followed a Reuters report that the White House has not yet finalized its decision on refined copper tariffs. This uncertainty led to a broad selloff in copper-related stocks, including Freeport-McMoRan, Southern Copper, and Hudbay Minerals. The stock’s sharp intraday drop reflects a combination of the gap open and continued selling pressure. In addition, Bernstein lowered Freeport-McMoRan’s price target to $47 from $50, signaling a more cautious outlook. The stock is now trading near its 52-week low of $35.15, having previously reached a high of $80.24.
What The Data Shows
The session saw a volume of 3.2 million shares, which is 0.2 times the 3-month average. The stock opened at $70.94 and reached an intraday high of $76.23 before falling to a low of $68.85. The last trade was at $69.20. Recent insider transactions show five sales totaling $8.4 million in the last 90 days, with no insider buys recorded. Congressional trades show Rep. Ro Khanna has made multiple small trades in the stock over the past month. Additionally, the 52-week tape showed one fresh 52-week high and five fresh 52-week lows on September 10.
What To Watch
Freeport-McMoRan is currently trading at a P/E of 37.4, with a market cap of $110.0 billion. Investors should monitor the company’s next earnings report if scheduled, as well as any further developments regarding the White House’s copper tariff decision. Coverage of the stock remains active, with four stories published in the last 36 hours.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
FCX · Sep 10 session (5-min) · -6.58% vs prior close · updated 8:48 PM ETAI sentiment, last 36h · averaged over 4 stories · 53/100 neutral
The headlines behind the move
Story flow · 3 stories on the wire, last 36h · hover or tap a dot for the headline
2d agoSeeking AlphaBEARISH 32Geo/War
Copper stocks slump as White House tariff plan reportedly stalls
Copper stocks in Freeport-McMoRan, Southern Copper and Hudbay Minerals plunged following a Reuters report that the White House has not yet made a decision on refined copper tariffs.
3d agoCNBCBULLISH 67Product/PR
AI is fueling copper demand. Kevin Simpson thinks this volatile miner is worth the risk
Freeport-McMoRan is one of the world’s largest publicly traded copper producers, giving it significant exposure to rising copper prices at a time when new copper supply is limited.
4d agoThe FlyBEARISH 38Analyst
Freeport-McMoRan price target lowered to $47 from $50 at Bernstein
4d agoYahoo FinanceBULLISH 73Product/PR
Copper Is the AI Trade No One Priced In—3 Miners With the Most to Gain
Copper hit record prices in August as structural supply constraints and rising demand tighten markets, boosting operating leverage at miners like Freeport-McMoRan, Hudbay Minerals and Trekor Metals.
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