The mining company extracts copper, gold, and molybdenum from sites in North and South America and Indonesia.
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News about Freeport-McMoRan
Amid concerns the Trump administration is rolling back former President Obama's "pivot to Asia."
Carl Icahn recently took on a role as special adviser to Trump.
The company is also reporting earnings Wednesday morning.
They all at least doubled, and some even quadrupled.
But other funds lost tens of millions of dollars in a day.