FCX

Freeport-McMoRan is sliding in pre-market trading as investors react to a broader cooling in the copper market, where prices have recently pulled back from record highs due to profit-taking. While the company remains a key beneficiary of long-term demand from AI data centers and electrification, recent reports highlighting production disruptions at the Grasberg mine have added pressure to the stock's near-term outlook. With no specific company-level catalysts released since yesterday's close, the move appears to be a continuation of the negative momentum seen in the previous regular session as traders re-evaluate valuations in the mining sector.