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Freeport-McMoRan shares fall on cost concerns

Shares fall on revised guidance

Steven Swindells
Freeport sees higher copper costs

Freeport sees higher copper costs

Shares in the firm fell 6% or $3.14 to $46.70 on the New York Stock Exchange following the new guidance. Average unit net cash costs in first-quarter 2022 were $1.33 per pound of copper and are expected...

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