Copper Demand Pushes Freeport-McMoRan to Record -- WSJ
Dow Jones2026/08/21 20:45By Shradha Dinesh
Surging copper demand sent Freeport-McMoRan to a new all-time closing high Friday, based on data back to 1995. Share prices closed at $76.66, up 7.6%. Year-to-date, shares are up 51%.
Copper has surged as a must-have for the AI buildout and because of U.S. tariffs restricting supply. The Phoenix copper and gold miner gained about 16% over a three-day winning streak; its shares were the fourth best performer in the S&P 500 today.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 21, 2026 16:45 ET (20:45 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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