Inside A Slaughter: Why Freeport McMoRan (FCX) Lost 16%

Trading in the overall market was relatively normal yesterday; your average worry about the fiscal cliff and Europe snuck their way in, but there was nothing out of the ordinary. That is, until you looked at Freeport-McMoRan’s ( FCX ) stock for the day. This major copper and gold producer was absolutely slaughtered, as investors participated in one of the nastiest sell-offs we have seen in recent weeks. But the massive drop had nothing to do with the commodities they produce, but rather a questionable business move that left many scratching their heads [for more copper and gold news subscribe to our free newsletter ]. See the full story here → Related Posts: A Deeper Look At China’s Commodity Industry Top 3 Copper Miner Stocks by Market Cap Three Commodities to Bet With Buffett Earnings Spotlight: Freeport McMoRan Copper & Gold (FCX) The Guide To The Biggest Companies In Every Major Commodity Sector