Freeport Leads Plunge in Mining Stocks After Copper Slump
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Freeport-McMoRan Inc., the largest publicly traded copper producer, and other suppliers of the metal plunged after the metal fell the most in six years.
Freeport declined 9.5 percent to $19:05 at 9:51 a.m. in New York and traded at the lowest since April 2009. Glencore Plc, the third-biggest producer, dropped 12 percent in London and First Quantum Minerals Ltd. slid 27 percent in Toronto.