Freeport McMoRan (FCX) Is A Major Holding In A Mining Trust

BlackRock World Mining Trust has identified Freeport-McMoRan (NYSE:FCX) as one of its major holdings in its latest portfolio update. The trust linked its position in Freeport-McMoRan to themes such as global electrification and AI infrastructure buildout that rely on copper. Management at the trust highlighted rising interest in critical minerals, including copper, as a key factor in its allocation to the miner. The trust's focus on Freeport-McMoRan as a copper supplier to electrification...