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Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty
Freeport-McMoRan Inc. (NYSE: FCX) shares are falling Thursday amid uncertainty over White House copper tariff plans.
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Shares of copper-related companies are trading lower after reports suggesting that the Trump administration will abandon its copper tariff plan due to concerns over higher prices and metals inflation. A lack of tariffs may lead to lower producers for miners and refiners of the red metal.