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Freeport worst metal stock as rout blunts Indonesia boon
Published Tue, Jul 28, 2015 · 09:50 PM
Toronto
FREEPORT-MCMORAN Inc plunged for a fourth day, posting the biggest selloff among major metal producers, as slumping commodity prices offset hopes that it may secure an agreement to extend a contract at its biggest mine.
Shares in the largest publicly traded copper miner closed down 7.5 per cent at US$11.37 in New York on volume of 64.6 million shares, more than four times the three-month average, while bond yields soared.
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