business-and-finance1 month ago
Kevin Simpson Targets Freeport McMoRan Amid Copper Tariff Uncertainty
Kevin Simpson is acquiring Freeport McMoRan, a move driven by AI-driven copper demand despite significant price volatility. While copper futures hit record highs near $14,533 per metric ton in September 2026, the White House has stalled on implementing proposed tariffs on refined copper. This regulatory uncertainty has caused copper stocks to drop and created a massive U.S. stockpile as buyers rush to secure metal ahead of potential duties.