Freeport Stock Recovering From Sharp Drop After Copper Mine Accident
1. Grasberg mine mud rush kills two; five are missing. 2. Freeport stock fell 17%, copper prices increased by 0.4%. 3. Grasberg produces 3% of global copper, risking $3.5 billion Ebitda loss. 4. Long-term impact on Freeport’s value noted as only 3% decline. 5. Analysts downgrades reflect cautious outlook on Freeport’s stock.