Freeport McMoRan Inc (FCX)

U.S. mining stocks fluctuate after Trump postpones Iran strikesMarch 23, 2026 9:59 AM
IH Market News
Shares of U.S. mining companies showed mixed movements on Monday after President Donald Trump said the U.S. military would delay further attacks on Iranian power plants and energy infrastructure for five days following what he described as “productive” talks between Washington and Tehran.The announcement helped ease geopolitical tensions in the Middle East, offering some support to commodity markets. Copper producer Freeport-McMoRan Inc. (NYSE:FCX) benefited from the easing tensions, rising 1.70%, while gold mining stocks reacted unevenly as safe-haven demand softened.United States Antimony Corporation (NYSE:UAMY) advanced 3.19%. Meanwhile, several precious metals miners moved lower, with Pan American Silver Corp. (NASDAQ:PAAS) falling 2.44%, Kinross Gold Corporation (NYSE:KGC) declining 2%, and Hecla Mining Company (NYSE:HL) slipping 1.68%.However, Iran’s Fars news agency, citing a source, challenged Trump’s description of the situation, saying there had been no direct or indirect communication with the United States. The report also said Trump stepped back from targeting Iranian power plants after Tehran warned it would strike power facilities across West Asia in retaliation.The five-day pause in military action helped ease immediate fears of supply disruptions in the region, influencing commodity markets and related equities. Industrial metals such as copper often benefit when geopolitical risks decline, while gold and silver typically weaken as investors move away from safe-haven assets.Freeport-McMoran stock priceUnited States Antimony Corporation stock pricePan American Silver stock priceKinross Gold stock priceHecla Mining Company stock price

Original: U.S. mining stocks fluctuate after Trump postpones Iran strikes

FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals DistrictFebruary 18, 2026 9:55 PM
Business Wire
Freeport (NYSE: FCX) announced today that it has entered into a Memorandum of Understanding (MOU) with the Indonesia government for a life of resource extension of operating rights for PT Freeport Indonesia (PTFI) in the Grasberg minerals district.


Under the terms of the MOU, the parties agreed to the following:



PTFI’s special mining business license (IUPK) will be amended to provide for a life of resource extension of operating rights.



PTFI will increase support for communities in Papua, including financial support for a new hospital and two medical educational facilities.



PTFI will increase exploration spending and advance studies to identify and develop long-term resources and expansion opportunities.



PTFI will continue to prioritize domestic downstreaming through local sales of refined copper, precious metals, sulfuric acid and other products. PTFI will also be positioned to broaden its marketing of refined copper to the United States (U.S.) on market terms should the U.S. require additional supplies of copper.



FCX will transfer in 2041 a 12% share interest in PTFI to government interests at no cost, provided the acquiring party will reimburse FCX for its pro-rata costs incurred using book value for investments that benefit the post-2041 period. FCX will maintain its current ownership interest in PTFI of 48.76% through 2041 and hold approximately 37% beginning in 2042.



The existing governance and operating structure, and terms of the existing shareholder agreement, the IUPK and other agreements in effect will continue over the life of the resource.



Richard C. Adkerson, Chairman of the Board, and Kathleen Quirk, President and Chief Executive Officer, said: “We value our long-standing partnership with the Indonesia government, the people of Indonesia and Papua, and the mutual trust that has been built over many years. The Grasberg operations have provided substantial benefits to all stakeholders over its six-decade history, and this extension will provide opportunities to continue to build substantial value for all stakeholders in one of the world’s most significant copper and gold deposits.”


The extension of operating rights and other agreed terms are subject to the Indonesia government’s issuance of an amended IUPK. PTFI intends to expeditiously complete its extension application reflecting the agreed terms.


FREEPORT: Foremost in Copper


FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.


FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant operations in the U.S. and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.


By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.


Cautionary Statement: This press release contains forward-looking statements. Forward-looking statements are all statements other than statements of historical facts, such as expectations relating to the extension of PTFI’s life-of-resource operating rights, the terms and issuance of the amended IUPK, and continuation of existing operating and governance structures. The words “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “could,” “to be,” “potential,” “assumptions,” “guidance,” “aspirations,” “commitments,” “future,” “pursues,” “initiatives,” “objectives,” “opportunities,” “strategy” and any similar expressions are intended to identify those assertions as forward-looking statements.


FCX cautions readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause FCX’s actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, satisfaction of requirements in accordance with PTFI’s IUPK to extend mining rights from 2031 through 2041; delays in Indonesia government approvals or failure to obtain Indonesia government approval, including on the agreed upon terms of the MOU and relating to the amendment to the IUPK to extend PTFI’s operating rights beyond 2041; potential delays in consummating the terms of the MOU, including finalizing the terms of any related agreements; PTFI’s ability to repair mud rush incident-related damage, implement enhanced operating procedures, safely restart, with a phased ramp-up, and achieve full operating rates of production and downstream processing on the expected timeline and optimize production plans; recover amounts under insurance policies; resolve force majeure declarations and maintain relationships with commercial counterparties; changes in cash requirements, financial position, financing or investment plans; changes in general market, economic, geopolitical, regulatory or industry conditions, including market volatility regarding trade policies and tariff uncertainty; reductions in liquidity and access to capital; changes in tax laws and regulations; political and social risks, including the potential effects of violence in Indonesia and relations with local communities and Indigenous Peoples; operational risks inherent in mining, with higher inherent risks in underground mining; changes in mine plans or operational modifications, delays, deferrals or cancellations, including the ability to smelt and refine or inventory; results of technical, economic or feasibility studies; as well as other factors described in more detail under the heading “Risk Factors” in FCX’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission.


Investors are cautioned that many of the assumptions upon which FCX’s forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, FCX may make changes to its business plans that could affect its results. FCX undertakes no obligation to update any forward-looking statements, which are as of the date made, notwithstanding any changes in its assumptions, changes in business plans, actual experience or other changes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218099766/en/
Financial Contact:

David P. Joint

(504) 582-4203




Media Contact:

Linda S. Hayes

(602) 366-7824


Original: FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District

FCX, reports earnings Jan 22

Oh......So THAT'S what happened to copper yesterday.......
Freeports main mine had experienced some kind of disaster
Sending FCX down to its' $35
And causing spot copper to spike upwards wildly
https://stockcharts.com/sc3/ui/?s=FCX

Sends Ivanhoe up to 10
https://stockcharts.com/sc3/ui/?s=IVPAF


Just sayin'.


.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176501159 $FCX

FCX, new 52 week low

I use an 8-21 day chart catches early moves. PM's are about to make a move again in 2025 as gold is heded for $3,000 which gives earning a big push higher

Not seeing that, I gave up trading metals and oil

looks like this just broke out again

Doji week low was 47.71, I think that price holds for a continuation of the screaming rally here!

Freeport.... the memories. I worked at their Globe/Miami copper mine in Arizona years ago when they bought out Phelps Dodge. I know that mine has a massive gold deposit they're sitting on. Maybe with the constant rise in gold prices it's a good time for them to tap into that jackpot and it could jump the price up significantly. Waiting on $NBRI and $GOLD to do the same!

Loaded with OCT 48 calls here!

Demand
FCX new 52 hi

What is driving FCX higher and how high can it go? Opinions anyone.

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcx

This holding had zero cash held in reserve, so as (if) the price continues to rise, I'll be building a reserve for its future.

Best wishes,
OAG

With FCX now uptrending, it's all out stock melt up!

Hi CM,
I let 10% of the FCX position go today at $41.12. I'll hold the cash for a chance to later put it back to work at a discount from here.

Best wishes,
OAG

FCX on Fire! Key Reversal yesterday, breakaway gap today, 50 day just turned up, I bought 4 Feb 40 calls here Monday! Dr. Copper is Back!!!

Let me know if you feel the same way when we break $3.00!


Do watch fer that uninversion of rates! Whole bunch of bad just waiting to happen.

Bought Nov 42 calls today!

As the more conflicts the US gets into the higher all commodities will go.

Extremely important day for copper tomorrow! Retest of dump line.

It's going to be difficult if it can't get above the green line.
https://schrts.co/urIytiGV
Weekly looks a little heavy.

An Upcoming Rare Earth Play to Take Notice of
https://10xalerts.com/an-upcoming-rare-earth-play-to-take-notice-of/

That's psychosis not psychology!

#91 for you , looking for #208 ~~~~~just got a starter posion $FCX

JOE is using psycology, and backward analysis---this will weaken inflation, by making gas and diesel to near $$ 9 a gallon US.....making less people on the road for American thanksgiving week 1,2,3,4th thurs in November

JOE is using psycology, and backward analysis---this will weaken inflation, by making gas and diesel to near $$ 9 a gallon US.....making less people on the road for American thanksgiving week 1,2,3,4th thurs in November...BADDA BONK

I'm sure some hat collections would show up for the right price.

Aluminum going to be the next copper as reserves are almost Nill and plants closing down because of cost of electricity. Another new bubble is forming.

While I am bearish on the macro, I do see this has the chance at retesting the $4 area. I plan on being mostly out before October. If things don't change in the US SHTF!

Agree!

Did notice the HD had begun lashing the shelves with rod iron fencing and locking it down for the apocalypse! 12-2 romex was listed for ~$160 for 250ft!
Or $100 more than what the market price was for said material before the pandemic. No wonder people are burning down their stores. Just keep in mind anything built 2020 and later will be under water!

Yes it is true. China is halting bank accounts and people are stopping mortgage payments etc etc. make sure your stocked up on Cash. It’s gonna get really bad here too. Credit Card Debt is at a all time high and savings are dwindling really fast. With Interest Rates rising quick we are gonna see some serious defaults going into 2023. Todays Fake Market is rally is the big boys selling and pulling a fast one on small retail.

No. Did it get Borked like UK and Italy? Why anyone would willingly join a failing currency block is beyond me.

Hearing rumors Chinese residential mortgagees are starting to walk away from unfinished and underwater homes. I'm sure half of them can't even access their bank funds to even pay if they wanted to.

The Dollar is going to crush the World

Drought and Lack of Water with excess heat. Yeah that will do it. Did you see Norway?

I'm hearing Texas cattle herd cull due to drought and feed cost/availability. Should retest that broken trend line on live cattle before short. Seeing a lot of high priced steaks at the grocery store going bad.

SRI Lanka ex President even fled the Country. Not sure Biden could flee lol. 2023 gonna be ridiculously bad imo.

I'm not even sure if the market can stop it at $1~!
https://schrts.co/XYvpGnyj

This whole BEV fiasco is DOA! They best let go of their fantasy before they find themselves in a pine box. i.e. a Sri Lanka type restructuring.

Really tough times ahead I agree!

Copper above $4 = Recession every time!

Now we are in sell the rips mode.
https://www.cnbc.com/2022/06/24/stay-away-from-this-company-poised-to-go-public-next-week-jim-cramer-warns.html

I would agree with his thesis, Now is not the time to start building a mine from scratch. It is consolidation time!

Out 35.35 thank you

Picking up a few here

utah 4 percent railway Grade

USES rare oil now

$4.45 is the next target area. Can't have new housing starts if interest rates go up! Grand kids will not be buying houses on 1/3 of the money you were making when you first bought your house!

Still getting rejected over $4.71.
https://schrts.co/vkNtKxar

The fact that they are not willing to bring more production on line tells me that they know it will cause too much supply. Mute though as we head into recession.

https://www.reuters.com/article/us-metals-copper-ahome/column-copper-surplus-on-the-horizon-but-will-it-come-in-time-idUSKBN2H31JX