Falling Copper and Energy Prices Spell Trouble for Freeport-McMoRan (Continued from Prior Part) Falling crude prices Previously in this series, we saw how lower copper prices negatively affect Freeport-McMoRan (FCX). Over the last couple of years, Freeport-McMoRan has become a major energy producer and so is affected by lower energy prices. In this part of the series, we’ll see how lower crude oil prices could affect the company. Currently, Freeport-McMoRan forms 2.82% of the SPDR S&P Metals and Mining ETF (XME) and 1.91% of the Materials Select Sector SPDR ETF (XLB). WTI prices fall to a six-year low NYMEX-traded WTI (West... More