(Reuters) – Freeport McMoRan Inc shares slid 9 percent on Thursday after the world’s second-largest copper miner posted lower-than-expected quarterly profit and forecast a drop in 2019 production.

A 14 percent dive in copper prices slammed the company in the fourth quarter, yet the chief executive officer said U.S. demand remains strong and underpins Freeport’s plans for a major expansion in the United States.

Still, the first quarterly results report from a global miner rattled

Read More At Article Source | Article Attribution