Why Did Freeport-McMoRan Plunge 5.24%? Trump Tariffs Spark Market Fears

On April 3, 2025, Freeport-McMoRan's stock price dropped by 5.24% in pre-market trading, reflecting investor concerns and market volatility.

The decline in Freeport-McMoRan's stock price can be attributed to broader market fears stemming from U.S. President Donald Trump's aggressive tariffs on key trading partners. These tariffs have raised concerns about potential economic slowdowns and increased costs for copper miners, which rely heavily on international trade.

Investors are closely monitoring the situation, as the tariffs could lead to reduced demand for copper and other metals, impacting the profitability of mining companies like Freeport-McMoRan. The uncertainty surrounding trade policies has created a challenging environment for the company, as it navigates the potential impacts on its operations and financial performance.