Freeport Mine Accident Sparks Market Volatility and Copper Supply Concerns
A mud rush at Freeport McMoRan's Grasberg copper mine in Indonesia resulted in two deaths and disrupted production until 2026, causing a 17% drop in Freeport's stock and impacting global copper supply, though copper prices rose slightly. Analysts are divided on the stock's outlook, with some upgrading and others downgrading based on the incident's long-term effects.