For copper mining giant Freeport McMoRan (NYSE: FCX), 2025 proved to be a very strong year. The stock delivered a total return of over 35%, marking its best annual performance since 2021. This came despite disaster striking the company’s vital Grasberg Mine in Indonesia. A mudslide caused several workers to lose their lives, and the mine will face operational hindrances in the near future.
In September 2025, Freeport significantly cut its guidance due to the mudslide. Shares dropped over 20% in two days to approximately $35. The stock went on to stage a huge recovery, briefly rising above $70 in April 2025.
