Copper Price Falls 5% as White House Tariff Stalls

equedia.com · 2026-09-14

Reuters says the refined copper tariff has stalled over midterm affordability. What it does to the COMEX premium, 696,000 tonnes in US warehouses and FCX.

TickrTrends take: Freeport-McMoRan operates primarily as a copper producer, making it directly exposed to commodity price movements, and the recent decline in copper pricing presents a headwind to near-term cash generation and earnings potential. TickrTrends currently assesses FCX as undervalued despite this price weakness, suggesting the market may be overweighting near-term copper volatility relative to the company's longer-term value. Investors focused on valuation metrics should monitor whether copper prices stabilize and whether tariff-related uncertainty continues to weigh on the broader Basic Materials sector, as these factors will be critical to validating the undervalued assessment.

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