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Goldman Sachs Sees Copper Imports Frontrunning Tariffs As FCX Positions To Benefit (UPDATED)

1. Goldman Sachs predicts a surge in U.S. copper imports due to tariffs. 2. U.S. copper stockpiles may rise to 400,000 tons by Q3. 3. Freeport-McMoRan could benefit from copper being classified as a critical mineral. 4. The company expects 8% U.S. copper production increase by 2025. 5. CEO hints at potential return to copper operations in the DRC.

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FAQ

Why Bullish?

Expected tariff incentives may increase copper prices. Historical examples show tariff-related price surges.

How important is it?

The article discusses critical factors affecting copper prices and FCX's positioning.

Why Long Term?

Supply-demand dynamics shift anticipated in 2025; FCX poised for sustained growth.

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