Deutsche Bank Reports Balancing Act For Freeport-McMoRan

According to Deutsche Bank, Freeport-McMoRan FCX is on a balancing act. Deutsche Bank said that about 8,000 workers are members of the union but not all are on strike. “Based on our conversations with management, there has been no impact to shipments thus far, as the company has stock piles which it can use for the time being.” Freeport-McMoRan closed on Friday at $55.12.