Key Takeaways from Freeport-McMoRan’s Q2 2018 Earnings Call
Meanwhile, copper mining peers Southern Copper (SCCO) and Glencore (GLEN-L) gained 2.1% and 1.3%, respectively, and the Dow Jones Industrial Average (DIA) rose 0.68%. During its earnings call, Freeport announced new operating plans in Indonesia, which could lower production in 2019 and 2020. Freeport also touched upon copper prices’ decline amid trade war fears.