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US-China Trade War: Freeport-McMoRan Is in the Crossfire

Mark O'Hara
US-China Trade War: Freeport-McMoRan Is in the Crossfire

Freeport-McMoRan (FCX), the leading US-based copper miner, has lost 42.7% YTD (year-to-date) based on the closing prices on November 23. Other copper miners like Southern Copper (SCCO) and Antofagasta (ANTO) have also fallen in 2018. Vale (VALE) is in the green in 2018. Iron ore prices have been relatively strong despite the rout in other metals (XME).