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What’s Making Carl Icahn Bearish on Freeport-McMoRan?

Mark O'Hara
What’s Making Carl Icahn Bearish on Freeport-McMoRan?

According to recent regulatory filings, activist investor Carl Icahn cut his holdings in Freeport-McMoRan (FCX). Icahn built his position in Freeport-McMoRan in 2015, when miners including BHP Billiton (BHP), Glencore (GLNCY), and Rio Tinto (RIO) were battling a commodity price slowdown.