FCX is trading at $56.83 (-4.21%) as investors react to Grasberg disruption risks and a cautious near-term production outlook.
- The stock remains under pressure from earlier guidance cuts tied to Grasberg delays.
- Broader market weakness and fragile sentiment in the copper and mining sectors are weighing on the share price.
- Today's decline extends a recent selloff, following a -2.74% drop on July 7.