Freeport-McMoRan: Copper Price Strength Improves The Valuation Case (Rating Upgrade)

Group 1 - Copper prices are currently consolidating in a tight range between $4.50 and $5 per pound, with a recent peak near $5.25 before Liberation Day, which has been bullish for shares of Freeport-McMoRan (NYSE: FCX) [1] - There are concerns regarding the health of the global economy, which may impact copper demand and pricing [1]