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Freeport-McMoRan FCX Faces Challenges as Copper Prices Decline

March 19, 2025
Freeport-McMoRan Inc. (NYSE:FCX), one of the world's largest copper producers, is facing challenges as copper prices continue to decline. The company's stock fell recently as a result of this trend, causing concern among investors. The decline in copper prices is attributed to slowing global economic growth, particularly in China, which is a major consumer of copper. This has led to an oversupply of copper in the market, putting downward pressure on prices. Despite these challenges, Freeport-McMoRan has been using debt reasonably well, according to recent measures. However, it is recommended to seek advice from professionals at Stocks Prognosis before making any investment decisions regarding the company's stock.
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