Freeport-McMoRan Surges 1.22% on 64.8% Volume Spike Ranks 192nd in Market Activity

On September 2, 2025, Freeport-McMoRan (FCX) traded with a volume of $540 million, marking a 64.8% increase compared to the previous day's activity. The stock's volume ranked 192nd among all equities in the market, while the share price rose 1.22% for the session.

Recent developments highlighted Freeport's strategic focus on expanding copper production capacity amid growing global demand for clean energy infrastructure. The company announced a revised 2026 capital expenditure guidance, allocating additional resources to accelerate the development of its Tenke Fungurume copper-cobalt complex in the Democratic Republic of Congo. This move follows a third-quarter production report showing higher-than-expected copper output, driven by improved operational efficiency at its Grasberg mine.

Analysts noted that Freeport's stock performance aligned with broader market optimism toward base metals, particularly copper, which saw spot prices rise 3.2% during the same period. The firm's decision to maintain its quarterly dividend at $0.23 per share, despite elevated capital spending, reinforced investor confidence in its balance sheet strength and long-term profitability.

Backtesting results indicated that Freeport's 52-week high of $42.75 was reached on August 15, 2025, followed by a pullback to $39.80 by September 2. The stock has traded within a $4.25 range over the past 12 months, with a 200-day moving average currently at $40.60. The recent 1.22% gain brought the share price to $41.10, closing above its 50-day moving average of $40.80.