Freeport-McMoRan: Copper Prices Heading Lower Will Hurt
- Freeport-McMoRan will struggle if copper prices head below $2.50/lb for an extended period.
- The company faces a large reduction in cash flow expectations from the lower copper prices.
- Freeport-McMoRan holding $16 sets the stock up for a potential bounce, but it appears unlikely to hold due to copper prices.
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