Is Freeport-McMoRan's US-Based Footprint An Advantage? Analyst Upgrades Stock Amid Copper Import Tariff Risk
1. J.P. Morgan upgraded FCX to Overweight with a $52 price forecast. 2. Tariff-related factors support pricing for FCX’s U.S. operations. 3. COMEX copper prices maintain a 10% premium over LME prices. 4. Long-term supply constraints indicate favorable copper pricing outlook. 5. Grasberg mine's record gold prices will boost by-product credits.