Shares of Freeport McMoRan (FCX) collapsed 13.1% to US$10.7 billion in New York few hours ago to respond falling net profit in the fourth quarter of 2018. FCX actually reported strong revenue growth of 27% to US$6.23 billion from PT Freeport Indonesia, wherein it has 48.76% interest. Downfall of copper prices might have contributed to correction in FCX shares.
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