Movement Alert｜Freeport-McMoRan Rises 3.25% in Regular Trading, Global Copper Supply Tightening Expectations Combined with Target Price Upgrade Boost Sector

Market Focus06-11

On June 11, Freeport-McMoRan rose 3.25% in regular trading, trading at $63.78/share, with trading volume of $113 million.

On the news front, Jefferies recently raised its target price on the company from $75 to $85, maintaining a Buy rating, and projected LME copper prices to reach $6.50 per pound by 2027. The firm noted that the restart timeline for the company's Grasberg mine in Indonesia has been further delayed, while Chilean output remains weak and copper concentrate treatment charges have fallen below negative territory. The global copper supply deficit is expected to average 491,000 tons per year through 2030, with the tight supply-demand dynamic continuing to support upside expectations for copper prices.

Within the Copper sector, individual stocks broadly strengthened in sympathy. Among peers, Southern Copper Corp up 2.95%, Taseko Mines up 2.18%, Ero Copper up 2.06%, reflecting a clear sector linkage effect.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1112000507?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-11 22:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112000507","market":"hk","top_or_hot":-1,"title":"Movement Alert｜Freeport-McMoRan Rises 3.25% in Regular Trading, Global Copper Supply Tightening Expectations Combined with Target Price Upgrade Boost Sector","media":"Market Focus","content":"<p><p>On June 11, Freeport-McMoRan rose 3.25% in regular trading, trading at $63.78/share, with trading volume of $113 million.</p><p>On the news front, Jefferies recently raised its target price on the company from $75 to $85, maintaining a Buy rating, and projected LME copper prices to reach $6.50 per pound by 2027. The firm noted that the restart timeline for the company's Grasberg mine in Indonesia has been further delayed, while Chilean output remains weak and copper concentrate treatment charges have fallen below negative territory. The global copper supply deficit is expected to average 491,000 tons per year through 2030, with the tight supply-demand dynamic continuing to support upside expectations for copper prices.</p><p>Within the Copper sector, individual stocks broadly strengthened in sympathy. Among peers, Southern Copper Corp up 2.95%, Taseko Mines up 2.18%, Ero Copper up 2.06%, reflecting a clear sector linkage effect.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Freeport-McMoRan Rises 3.25% in Regular Trading, Global Copper Supply Tightening Expectations Combined with Target Price Upgrade Boost Sector</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Freeport-McMoRan Rises 3.25% in Regular Trading, Global Copper Supply Tightening Expectations Combined with Target Price Upgrade Boost Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-11 22:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 11, Freeport-McMoRan rose 3.25% in regular trading, trading at $63.78/share, with trading volume of $113 million.</p><p>On the news front, Jefferies recently raised its target price on the company from $75 to $85, maintaining a Buy rating, and projected LME copper prices to reach $6.50 per pound by 2027. The firm noted that the restart timeline for the company's Grasberg mine in Indonesia has been further delayed, while Chilean output remains weak and copper concentrate treatment charges have fallen below negative territory. The global copper supply deficit is expected to average 491,000 tons per year through 2030, with the tight supply-demand dynamic continuing to support upside expectations for copper prices.</p><p>Within the Copper sector, individual stocks broadly strengthened in sympathy. Among peers, Southern Copper Corp up 2.95%, Taseko Mines up 2.18%, Ero Copper up 2.06%, reflecting a clear sector linkage effect.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCX","symbol_name":"麦克莫兰铜金","start_time":0,"source_url":"","article_id":"1112000507","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112000507","pubTimestamp":1781186477,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 11, Freeport-McMoRan rose 3.25% in regular trading, trading at $63.78/share, with trading volume of $113 million.On the news front, Jefferies recently raised its target price on the company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCX":"麦克莫兰铜金"},"translate_title":"走势提示|自由港麦克莫兰常规交易涨3.25%全球铜供应收紧预期叠加目标价上调提振板块","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCX":1},"content_text":"On June 11, Freeport-McMoRan rose 3.25% in regular trading, trading at $63.78/share, with trading volume of $113 million.On the news front, Jefferies recently raised its target price on the company from $75 to $85, maintaining a Buy rating, and projected LME copper prices to reach $6.50 per pound by 2027. The firm noted that the restart timeline for the company's Grasberg mine in Indonesia has been further delayed, while Chilean output remains weak and copper concentrate treatment charges have fallen below negative territory. The global copper supply deficit is expected to average 491,000 tons per year through 2030, with the tight supply-demand dynamic continuing to support upside expectations for copper prices.Within the Copper sector, individual stocks broadly strengthened in sympathy. Among peers, Southern Copper Corp up 2.95%, Taseko Mines up 2.18%, Ero Copper up 2.06%, reflecting a clear sector linkage effect.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1112000507","isCrawlerRequest":true}