“Profit settlement” prompted copper prices to fall back, and Southern Copper (SCCO.US) led the decline in US mining stocks
Mining stocks generally fell as copper prices showed their worst single-day performance since this year.
Top Gap Ups and Downs on Wednesday: ADI, TJX, SCCO and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row
The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.
Freeport-McMoRan Options Spot-On: On May 22nd, 238.69K Contracts Were Traded, With 1.33 Million Open Interest
On May 22nd ET, $Freeport-McMoRan(FCX.US)$ had active options trading, with a total trading volume of 238.69K options for the day, of which put options accounted for 28.69% of the total transactions,
Unusual Options Activity: CCJ, FSLR and Others Attract Market Bets, CCJ V/OI Ratio Reaches 666.6
EST May 22nd Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trend
Express News | NYSE Order Imbalance 452258.0 Shares on Buy Side
Copper Prices Plunge as Profit-taking Follows Run to Record Highs
LSB Industries to Supply Low-Carbon Ammonium Nitrate Solution to Freeport Minerals for 5 Years
LSB Industries (LXU) agreed to supply Freeport Minerals up to 150,000 short tons per annum of low carbon ammonium nitrate solution for five years starting Jan. 1. The solution will be supplied from th
Freeport-McMoRan Down Nearly 7%, on Pace for Largest Percent Decrease Since June 2022 -- Data Talk
Freeport-McMoRan, Inc. (FCX) is currently at $50.66, down $3.67 or 6.75% --Would be lowest close since May 8, 2024, when it closed at $49.96 --On pace for largest percent decrease since June 22, 202
Express News | Shares of Copper Companies Are Trading Lower Amid Reports of an Increase in China Inventories
Hedge Funds Cut Stakes in Magnificent Seven to Invest in Broader AI Boom
By Louis Goss Hedge funds started cutting their stakes in the Magnificent Seven in the first quarter of 2024 and investing in broader artificial intelligence stocks instead, a new Goldman Sachs analy
Freeport-McMoRan Options Spot-On: On May 21st, 90,942 Contracts Were Traded, With 1.31 Million Open Interest
On May 21st ET, $Freeport-McMoRan(FCX.US)$ had active options trading, with a total trading volume of 90,942 options for the day, of which put options accounted for 37.42% of the total transactions, a
Express News | NYSE Order Imbalance 169746.0 Shares on Sell Side
FCX (Freeport-McMoRan) Favors Upside Bullish Sequence
3 Stocks To Watch As Copper Surges To Record Highs: 'Something Is Cooking In China'
Copper prices continue to reach new record highs daily, soaring to $5.17 per pound on Tuesday, driven by improving market conditions. The metal has surged over 30% year to date, setting the stage for
Freeport-McMoRan Options Spot-On: On May 20th, 148.11K Contracts Were Traded, With 1.43 Million Open Interest
On May 20th ET, $Freeport-McMoRan(FCX.US)$ had active options trading, with a total trading volume of 148.11K options for the day, of which put options accounted for 26.77% of the total transactions,
Wall Street Is Chasing a Hot Stock Market. You Don't Need To
By Jacob Sonenshine The S&P 500 is hitting record highs -- and strategists are now lifting their price targets for the S&P 500. Investors shouldn't take that as their cue to aggressively buy the mark
Silver, Gold, And Copper Breakout, Wall Street's Last Bear Throws In The Towel
To gain an edge, this is what you need to know today. Metals Break Out Please click here for an enlarged chart of silver ETF iShares Silver Trust (NYSE:SLV). Note the following: The chart is a monthl
Copper Surges to Highest Ever on Bets That Shortages Will Worsen
If You Invested $100 In This Stock 5 Years Ago, You Would Have $500 Today
Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 26.45% on an annualized basis producing an average annual return of 39.84%. Currently, Freeport-McMoRan has a market ca
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