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Copper is giving back ground again. COMEX copper futures (HG) traded at 34.3700 as of the 10:00 AM ET, down from yesterday's close of 34.7600 and sitting 3.51% below the five-day high of 35.6200 set July 20.
FCX heads into Q2 earnings with favorable copper price support offset by lower volumes and higher costs.
Assetmark Inc. raised its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 26.4% in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,652 shares of the natural resource company's stock after purchasing an additional 22,482 shares during the quarter. Assetmark Inc.'s holdings in
Bessemer Group Inc. grew its position in Freeport-McMoRan Inc. (NYSE: FCX) by 58.9% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,960 shares of the natural resource company's stock after purchasing an additional 16,289 shares during the quarter. Bessemer Group
Acumen Wealth Advisors LLC grew its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 990.3% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,347 shares of the natural resource company's stock after purchasing an additional 9,398 shares during the quarter.
Mining stocks head into Q2 earnings with stronger commodity prices lifting results, as four miners, FCX, TECK, DPMLF and TFPM, show signs of potential earnings beats.
The copper price hit a one-month high, lifting this ETF past an early buy point.
AI data center expansion could reshape copper demand. FCX, SCCO and BHP are major miners positioned for long-term growth as AI spending accelerates.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.