One of the largest global producers of copper and gold, Freeport-McMoRan is a public company that gained renown for its exploit in the mining industry. Headquartered in Arizona, the company had enjoyed strong performances in the past few years until a combination of poor management decisions and changing economic conditions made it an unfavorable contender for many investors.

FCX Stock Price is an accurate reflector of its falling favor-ability with investors. At the turn of the year, Freeport was trading at a price of around $38. This is in stark contrast with its current price of $26.37. The FCX Stock Quote shows this slide occurred rapidly during the past months although there was a brief attempt to climb back up.

Of one the many problems plaguing the company at the present time is the high debt that they have accumulated over the years. The seemingly insecure position of the copper industry only serves to compound that problem. The price of copper is expected to decline by a significant percentage in the coming future and export duties on copper such as those imposed by Indonesia have put the company in further jeopardy. While the stock price will probably not deteriorate by an amazing margin, investors are still not convinced that the company is going in the right direction and are looking to ditch it altogether.