Should You Buy the Dip in Freeport-McMoRan Stock Today?

Freeport-McMoRan (FCX) shares are down more than 16% on Wednesday after a catastrophic mud rush incident at its Grasberg Block Cave mine in Indonesia. The incident resulted in two confirmed fatalities and five missing workers, and forced the company to declare force majeure and suspend operations at one of the world’s largest copper mines. More News from Barchart Despite today’s decline, Freeport-McMoRan stock is up more than 30% versus its April low. www.barchart.com Significance of Grasberg Incident ...