Freeport-McMoRan shares rose 1.3% to $62.84 Friday, rebounding after a 5.2% drop. The company’s annual filing projected 2026 copper sales of 3.38 billion pounds, gold sales of 800,000 ounces, and $4.3 billion in capital spending. Copper inventories climbed above 1.1 million metric tons, the highest since 2003. Argus Research upgraded FCX to “buy” with a $72 target.