Freeport-McMoran Adds 4% (FCX)

Shares of miner Freeport-McMoran FCX are surging on Monday. The stock has gained more than 4.5% and is trading at $56.00, near its highs for the day. Volume is on the heavy side with more than 6 million FCX shares already trading hands during the session. Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company.