Copper Crisis Threatens Green Initiatives [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
Company Research
Source: Yahoo! Finance
June 25, 2024 /PRNewswire/ -- The copper industry is driven by a complex system of supply-and-demand cycles. One cycle of particular concern, given the growing interest in decarbonization technologies, involves the relationship between global copper supply and green initiative copper demand. This co-dependency presents a zero-sum scenario where copper supply deficits threaten green initiatives, and green initiatives intensify the copper supply crisis. To avoid a stalemate, the future of green programs may depend on solutions that offer a more efficient and sustainable use of copper. Copper Supply Shortfall Copper prices recently reached record highs, crossing the /lb threshold for the first time. Analysts attribute much of this price explosion to soaring copper demand, mainly due to the large role copper plays in renewable energy, decarbonization efforts, and power grid investments. Over time, if increased copper demand is continually met with reduced supply, shortfalls are soon
Show less
Read more
Impact Snapshot
Event Time:
FCX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FCX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FCX alerts
High impacting Freeport-McMoRan, Inc. news events
Weekly update
A roundup of the hottest topics
FCX
News
- Freeport-McMoRan (FCX) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- This Is Not A Time For Gold To Shine [Forbes]Forbes
- Freeport Indonesia opens $3.7bn copper smelter in Gresik [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan Inc.'s (NYSE:FCX) large institutional owners must be happy as stock continues to impress, up 3.7% over the past week [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan Declares Quarterly Cash Dividends on Common StockBusiness Wire
FCX
Earnings
- 4/24/24 - Beat
FCX
Sec Filings
- 6/13/24 - Form 4
- 6/12/24 - Form 8-K
- 6/4/24 - Form 4
- FCX's page on the SEC website