On September 14, Freeport-McMoRan declined 5.12% in regular trading, trading at $68.205/share with turnover of $108 million, extending losses from pre-market weakness into the session.

Multiple headwinds are pressuring the copper sector simultaneously. The U.S. August core CPI printed at +0.3% month-over-month, exceeding expectations, pushing the market-implied probability of a 25-basis-point rate hike at next week's FOMC meeting to approximately 90%. The hawkish repricing broadly weighed on base metals. Meanwhile, the White House has still not made a final decision on whether to impose tariffs on refined copper, with officials reportedly weighing the trade-off between higher manufacturing costs and incentivizing domestic mining. The tariff uncertainty has undercut the prior bullish narrative that had driven COMEX copper prices higher, which have since pulled back sharply from weekly highs. Additionally, Bernstein recently lowered its price target on Freeport-McMoRan to $47 from $50, well below the current share price, while maintaining a Market Perform rating. Across the copper sector, peers including Southern Copper (-4.39%), Ero Copper (-6.89%), and TREKOR METALS (-6.94%) also posted significant losses.

(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.)