Weak copper price belies 'strikingly tight' physical market, Freeport CEO says

Oct. 20, 2022 6:45 PM ETFreeport-McMoRan Inc. (FCX)JJCTF, COPX, CPER, JJC, HG1:COMBy: Carl Surran, SA News Editor14 Comments

Copper pipes on warehouse.

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Copper futures that have fallen nearly 30% from a peak in March do not reflect a "strikingly tight" physical market for the metal, Freeport McMoRan (NYSE:FCX) CEO Richard Adkerson said Thursday.

The decline in copper

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