Freeport-McMoRan (FCX) Emerges as AI Beneficiary Copper Stock Amid Supply Crunch

1. 1As AI demand intensifies copper supply pressure, Freeport-McMoRan (FCX), the largest U.S. copper miner, stands out among copper stocks
2. 2COMEX copper hit an all-time high on Aug. 12; LME spread shows $370/ton premium (largest since 2021); inventories fell for 42 straight days
3. 3Wall Street is bullish with an average price target of $75.33, noting miners benefit more than tech stocks from squeezes amid AI-driven structural deficit

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