Freeport-McMoran is trading 8.32% down at $69.89 after reports the White House has not decided whether to impose tariffs on refined copper, triggering sharp selling across copper miners.
- Reuters said officials are weighing higher manufacturing costs against encouraging domestic mining.
- Broader risk sentiment is weaker as Brent crude exceeds $100 amid U.S.-Iran tensions; major cryptocurrencies are down roughly 1.8%-3.3%.
- The move is larger than Bitcoin’s 1.76% decline, reflecting copper-policy uncertainty rather than crypto weakness.