Deals
Freeport CEO Says ‘Everybody Is on Edge’ With Virus Uncertainty
- The outbreak ‘took the legs out’ of the copper rally, he says
- Freeport hasn’t had significant supply-chain issues yet
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The coronavirus “took the legs out” of copper’s rally and is rattling everyone from miners to equipment suppliers, according to the head of the world’s largest publicly traded producer of the metal.
“Everybody is on edge, and they’re taking it very seriously and the uncertainty around it,” Richard Adkerson, chief executive officer of Freeport-McMoRan Inc., said Monday in an interview at the BMO Global Metals & Mining Conference in Florida.