$FCX

Copper futures tracked by CPER fell 0.42% to $39.85 on Aug. 13, 2026. Copper miners dropped more: Southern Copper fell 3.75% to $187.59 and Freeport-McMoRan fell 3.45% to $66.83. A softer-than-expected US wholesale inflation report did not lift copper, and attention stayed on gold while China demand data was absent.

Copper prices rose from about $4.25/lb to above $6 amid supply-demand tightness, with S&P Global citing strategic importance and projecting demand to reach 42 million metric tons by 2040. The piece highlights copper-linked data center demand and names Blue Moon Metals (TSXV: MOON, NASDAQ: BMM), Rio Tinto, Freeport-McMoRan, BHP, and Teck. It also details Blue Moon’s Nussir drilling assays and planned resource update.

Copper futures tracked by CPER fell 0.50% to $40.02 on Aug. 12, 2026. The decline followed tame US inflation data that reduced odds of another Fed rate hike, lifting gold but not providing a copper demand catalyst. Southern Copper rose 0.21% to $194.89 and Freeport-McMoRan gained 0.51% to $69.22.

Copper prices rose to fresh Comex records as a softer US inflation reading reduced expectations of higher rates and London physical tightness widened the premium on immediate delivery. September Comex copper hit $6.7140/lb, while LME cash settled at $14,424.50/tonne with backwardation. Chile cut output forecasts; Boliden, Lloyds Metals & Energy, and Dominion/SM Investments developments also cited.

Copper futures were steady on Aug 11, with the CPER copper tracker up 0.10% to US$40.22. Southern Copper fell 1.65% to US$194.48 and Freeport-McMoRan dropped 2.33% to US$68.87. The article links the miner declines to a geopolitical risk spike near the Strait of Hormuz, a gold rally above US$4,400, and anticipation of US inflation data.

Copper futures neared record highs after a boiler leak forced Indonesia’s Gresik smelter to shut for assessment and repair, tightening supply tied to the Grasberg mine. LME three-month copper was about $14,195.50/tonne. Aluminum rose after Norsk Hydro said its Alunorte refinery cut alumina output to half capacity due to natural gas disruptions. Freeport-McMoRan and other miners fell.

Reuters reports President Donald Trump will meet US and allied critical-minerals mining executives on Friday as his administration expands efforts to secure supplies and reduce reliance on China. The White House says critical minerals are needed to replenish weapons stockpiles. Expected attendees include Rio Tinto, BHP, Freeport-McMoRan, MP Materials, USA Rare Earth, Energy Fuels, and The Metals Company.

Copper futures rose on Monday, with the CPER copper-futures tracker settling at $40.18, up 0.70%. Southern Copper gained 0.53% to $200.11 and Freeport-McMoRan rose 1.28% to $70.51, moving in line with copper. The article cites steady Chinese demand and energy-transition-related consumption as key drivers.

Copper hit an all-time high of $6.80/lb. The article cites supply tightness and rising demand from EVs and data centers, plus stockpile drawdowns. It says China’s growing control of smelting and refining, with subsidized capacity, is pressuring Western smelters. It notes BHP (+55% in 12 months), Sandfire (+80%), and Freeport McMoRan (+70%).

Freeport-McMoRan (FCX) shares rose 2.1% to $69.61 after Q2 results. According to the article, Q2 basic EPS was $0.68 on revenue of $7,029m, with net income of $984m. Revenue fell year over year, while net income and EPS rose. Copper production declined, and the piece highlights volume and project execution risks.