Freeport worst metal stock as rout blunts Indonesia boon

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.