Freeport-McMoRan Stock Surges to Record High on Copper Price Hike

Freeport-McMoRan's stock price surged to an all-time high of $76.66 on August 23, 2026, with a market value increase of nearly $7.8 billion.

This boost is attributed to the recent rise in copper prices, which suggests a potential $870 million increase in cash flow for Freeport-McMoRan's early 2026 projection.

The stock has been gaining momentum over the past few sessions, with shares rising 15.3% from August 14 to August 21 and 51% so far this year.

Copper prices have been fluctuating, with COMEX futures ending Friday at $6.58 per pound, a 1.72% increase from the previous day, but still down 0.5% for the week.