Copper Rally Lifts Freeport-McMoRan as Chile Supply Tightens

Freeport-McMoRan shares climbed in early trading this week, rising 1.1% pre-market to around $60.60, as a rebound in copper prices provided a direct tailwind to the world's largest publicly traded copper producer.

Copper futures rose to $6.31 per pound, up 1.25%, as production pressures in Chile — including water shortages, lower ore grades, unplanned maintenance and labor disputes — tightened the global supply outlook. Tariff-driven dislocations have added to the squeeze on available metal.

Freeport's board declared a quarterly dividend of $0.15 per share with a July 15 ex-dividend date, and the company reports second-quarter earnings on July 23, where analysts expect year-over-year profit growth of about 7.4%.