U.S. stocks were lower, with the Dow Jones index falling more than 150 points on Wednesday.Shares of Freeport-McMoRan Inc. FCX shares declined 16.4% to $37.94 after the company issued third-quarter sales guidance.Also, the company reported that two PT Freeport Indonesia team members were fatally injured from the Grasberg Block Cave mine mud rush incident and that five team members remain missing.Freeport-McMoRan shares dipped 16.4% to $37.94 on Wednesday.Here are some other big stocks recording losses in to ...

Key TakeawaysFreeport-McMoRan (FCX) declared force majeure at its Grasberg mine in Indonesia following a fatal accident on September 8, leading to a significant cut in Q3 copper and gold sales guidance.The disruption at Grasberg, which accounts for approximately 3.2% of global mined copper, caused copper prices to surge by over 3% on the London Metal Exchange, reaching a 15-month high.The incident involved a mud flow that resulted in two confirmed fatalities and five workers still missing, prompting a halt ...

Wall Street traded lower on Wednesday, extending the previous day's risk-off mood sparked by Federal Reserve Chair Jerome Powell's remarks.At midday in New York, all major indexes were in the red: the S&P 500 slipped 0.3%, the Nasdaq 100 lost 0.5%, and the Russell 2000 fell 0.6%.FCX is taking a hit from negative sentiment. Get the inside scoop here.Investors bristled at Powell's comments that further rate cuts are not a given, underscoring a data-dependent stance, while also calling equity markets "fairly h ...

Shares of Freeport-McMoRan fell sharply on Wednesday after the copper and gold miner disclosed significant production setbacks tied to a fatal accident at its Grasberg operations in Indonesia. The sto... ...

Freeport-McMoRan Inc. (NYSE:FCX) has released an update on the September 8 mud rush at its Grasberg Block Cave mine in Indonesia that killed two workers and left five still unaccounted for. The company said teams continue to work nonstop to clear debris and reach areas where the missing workers were last located. Authorities in Indonesia are overseeing the search while a formal investigation is underway. Richard C. Adkerson, chairman, and Kathleen Quirk, president and CEO, expressed condolences to the fami ...

Grasberg mine in Indonesia (Credit: Freeport) Copper prices jumped Wednesday after Freeport-McMoRan (NYSE: FCX) declared force majeure on contracted supplies from its Grasberg Block Cave mine in Indonesia.Three-month futures traded above $10,496 per ton ($4.7710 per lb.) on the CME, up 2.74% for the day. In London, copper for delivery in three months rose as much as 2% to $10,172 a ton on the London Metal Exchange, the highest level in more than 15 months. Click on chart for live prices.Freeport’s shares fe ...

Let's get to Jim and stop trading. The uh there's some very bad news out both in terms of human life and money. I don't mean to conflate them, but on Freeport FCX, they reported two fatalities from September 18th of Mud Rush incident.But they also are saying that third quarter sales were much lower for gold, 6% lower for copper, 4%. And just keep in mind that gold is one of the reasons why people have been buying this because gold is is red hot but also copper is used in the data center. So that stock's dow ...

美国矿业巨头自由港麦克莫兰公司(FCX.US)跌超9.4%，报41.09美元。消息面上，自由港麦克莫兰公司 确认，其位于印尼的Grasberg Block Cave矿9月8日发生的泥石流事故已造成两名工人死亡，另有五名工 人仍下落不明。公司预计最早要到2027年才能恢复事故前的生产水平，2026年铜金产量较此前预期下降 约35%。(格隆汇) ...

By Pooja Menon (Reuters) -Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its shares down 10.4%. Earlier this month, the company had temporarily halted mining at Grasberg after a large flow of wet material blocked access to parts of its underground mine, restricting evacuation routes for seven workers. Freeport last week located two team members who had been fa ...

PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX's common stock payable on November 3, 2025, to shareholders of record as of October 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial resu. ...