Commodities
Freeport-McMoRan Stock Tumbles Amid Copper Tariff Uncertainty
Freeport-McMoRan Inc.'s stock fell sharply on September 10, 2026, with shares dropping around 7% after reports that the Trump administration had yet to finalize its stance on refined copper import tariffs.
The decline in Freeport-McMoRan's share price came alongside a reversal in copper prices, with COMEX October copper futures falling more than 4%. This amplified commodity volatility and pressure on copper miners, underscoring the uncertainty surrounding tariff policy.
MarketBeat data show that Freeport-McMoRan stock closed at $71.15 on September 10, 2026, a drop of 6.66% versus the prior close, with extended trading later indicating a modest rebound to around $71.52.