Shares of Freeport-McMoRan Inc. FCX slipped 5.08% to $36.98 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 1.71% to 6,013.13 ...

Indonesia government allows Freeport McMoRan to resume exports of copper concentrate until smelter repairs are completed, but will impose higher export duties on the shipments as a penalty.

The government has decided to allow exports by Freeport but would impose export duties on the shipments as a penalty.

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $45.0 for Freeport-McMoRan over the last 3 months.

Following the announcement, the stock fell by approximately 12% but has since seen some recovery. While near-term performance ...