Freeport-McMoRan Inc

FCX remains in a pronounced Stage 4 decline with sequential lower highs and an active Support Failure breaking key support. Price trades below the 9, 21, and 50 EMAs, which are sloping downward and acting as resistance, confirming bearish medium-term bias. Lack of exhaustion patterns and continued distribution-biased volume support further downside, and short-term conditions favor executing now into EMA resistance.

• ↑Positioned to benefit from electrification and infrastructure-driven copper demand.
• ↑Management forecasts annual EBITDA of $14–$21B at $5–$7 copper prices.
• ↓Grasberg ramp-up delayed; full production may not resume until 2027.